New York-based high-end restaurant operator Smith & Wollensky Restaurant Group has reported increased sales for its Q2 ended 1 July 2002.

Total sales for the quarter were US$18.7m, a 5.1% increase over the Q2 last year. On a comparable restaurant basis, total sales increased 2.7% from the year ago period. In the Q1 2002, total comparable sales had been off 4.6%.

The following table highlights the improving trend in the company's comparable sales over the last four quarters:

                                       2Q'02    1Q'02    4Q'01    3Q'01

    Change in Total Comparable Sales   2.7%    (4.6%)  (14.4%)  (25.7%)

Chairman and CEO Alan Stillman commented: "We are pleased with the improving comparable unit sales trend, and especially with the initial performance of our new midsize Smith & Wollensky restaurant in Columbus, Ohio, which opened on 3 June."

The company plans to announce complete financial results for the Q2 in early August.