The latest report from the Coffer Peach Business Tracker on pub and restaurant groups makes encouraging reading for distributors specialising in the sector.
According to the report London remains more buoyant than the rest of the country with like-for-like sales up 6.1%, compared to 2.4% outside the M25.
“Managed pub groups saw 2.8% LFL growth, with casual dining chains up 4.8%,” says Peter Martin, vice president of CGA Peach, the business insight consultancy that produces the Tracker, in partnership with Coffer Group, Baker Tilly and UBS. It was the 20th consecutive month of positive like-for-like growth for the sector.
“Eating-out is now ingrained in the British way of life, and for the pub groups in our sample, food sales are still growing faster than drink – up 4.0% in November against a 1.5% increase for drinks,” adds Martin. “Overall, food sales account for an average 45% of revenue in managed pub chains.”
“Total sales, which include the impact of new openings, were up 6.8% against last November across the 30 restaurant, bar and pub companies in the Tracker sample. Total sales for restaurant groups were ahead 10%, reflecting the continued roll-out of casual dining brands, especially outside of London.
“Looking at the underlying trend, the year-on-year like-for-like rate at the end of November was running at 2.9% up on 2013,” adds Martin.