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Share Price: 676.00

Bid: 670.00

Ask: 678.00

Change: -2.00 (-0.29%)

Spread: 8.00 (1.194%)

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Pub groups toast stronger sales as restaurants continue to struggle

Mon, 11th Mar 2019 11:17

(Sharecast News) - Pub sales picked up last month after a dry January but restaurants continued to falter, industry research published on Monday showed.Overall, Britain's managed pub and restaurant groups saw collective like-for-like sales rise 0.3% in February, according to the Coffer Peach Business Tracker. Of that, managed pubs saw a 1.4% increase, with drinks-led pubs the strongest performers; drink sales rose 3.5% while food fell 0.9%.In January, managed pub sales fell 1.4%.Trading at restaurant groups, however, continued to be tough. Sales fell 1.7% last month compared to February 2018.Karl Chessell, director of consultancy CGA, which produces the Tracker, said: "The mini heatwave towards the end of the month boosted pub trading, and also helped restaurant sales. But unfortunately it wasn't enough to move the whole market much."The branded restaurant sector is still suffering from declining sales and despite a better end to the month, early February was generally poor for restaurants."Branded restaurant chains surged in popularity in recent years. But the market is now struggling with over supply.Mark Sheehan, managing director of Coffer Corporate Leisure, said: "There is no quick fix for the restaurant sector. Oversupply in some areas will mean that we may continue to see negative numbers for the foreseeable future, especially within the M25 where competition is fiercest."In London, pub sales rose 3% last month while restaurants saw a 2.2% decline. Outside the M25, pub sales nudged 0.9% higher but restaurant sales fell 1.2%.Douglas Jack, analyst at Peel Hunt, argued that if it had not been for the warm weather, restaurant sales could have been as low as -2.5%.He added: "Overall, we believe pubs are well positioned, exploiting growth demand for competitive socialising and premium drinks products."Anna Barnfather, analyst at Liberum, said the strong performance of London pub groups "bodes well for City Pubs - which report full-year results on 9 April - and JD Wetherspoons, which reports interims on 15 March, but creates a more challenging backdrop for The Restaurant Group. Also favourable for London pub company's Fullers and Young's."The Coffer Peach Tracker collates and analyses performance data from 51 operating groups which have a combined turnover of more than £9bn.

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22 Mar 2018 14:22

Fuller Smith & Turner Non-Executive Director Fordham To Depart

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16 Feb 2017 10:33

Spending on eating out remains resilient as inflation crunch looms

(ShareCast News) - In the normally quiet month for the pubs and restaurant sector, sales data for January was positive overall and showed casual dining chains enjoying a continued recovery. Industry like-for-like sales grew 1.9% in January 2017 compared to 2016, according to the Coffer Peach Busi

26 Jan 2017 09:05

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Restaurants and pubs enjoy strong festive trading, Coffer Peach finds

(ShareCast News) - UK pubs and restaurants enjoyed an equal uplift in trading over the Christmas and New Year period, as a bumper six weeks for London drove a second consecutive month's improvement. Data on the largest managed pub and restaurant groups over the six weeks to January 8 found a collect

15 Dec 2016 09:48

Pubs and restaurants bounce led by London, Coffer Peach survey finds

(ShareCast News) - London led a rebound for the eating and drinking out sector in November, with good growth in pub sales and a return to annual growth for restaurants, but it was a case of glass-half-full outside the capital. The Coffer Peach Business Tracker found November like-for-likes sales gre

18 Nov 2016 08:16

Fuller, Smith & Turner H1 revenue up 11%

(ShareCast News) - Brewer Fuller, Smith & Turner posted a rise in first-half pre-tax profit as revenue grew, thanks in part to a strong performance in its managed pubs and hotels. In the 26 weeks to 24 September, adjusted pre-tax profit was up 6% to £22.8m on revenue of £197.6m, up 121% from the sam

15 Sep 2016 09:27

Pubs outdo restaurants again in August, Coffer Peach data shows

(ShareCast News) - UK large pub and restaurant groups enjoyed better sales in August as Britain took advantage of better weather to eat and drink out. There was a 0.6% increase in like-for-like (LFL) sales at managed pubs, bars and restaurants, up from 0.3% last month, according to the monthly Track

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