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'Casual dining' restaurants suffer but pubs bubble up, Coffer Peach finds

Thu, 16th Jun 2016 08:10

(ShareCast News) - Trading at larger UK pubs and restaurant groups slowed even further in May, with like-for-like sales down 1.4% year-on-year as a hefty decline at casual dining chains outweighed a small improvement for pubs. These findings from the Coffer Peach Business Trackers were the biggest one-month decrease in well over two years and showed the sector has founding it increasingly tough in recent months, with sales worsening from the 0.8% decline seen in April after a small rise in March and a flat February. Casual dining chains suffered a 5.6% fall in like-for-like sales compared to last May, while pub groups actually saw a 1.0% increase driven mainly by drink-led outlets which were up 4.5%."It was definitely a tale of two markets last month," said Peter Martin, vice president of CGA Peach, the consultancy that produces the tracker, in partnership with Coffer Group, RSM and UBS.Total sales for the month were up 2.2% among the 31 companies surveyed in the report on 2015, reflecting the fact that these groups are still opening new sites, though at a slower rate than previously.Martin added that the later school half-term break, which this year fell in June against May last year, appeared to have been a major factor - "demonstrating how important the family market still is to the sector".Paul Newman, head of leisure and hospitality at RSM, said: "Making long-term predictions on the back of short-term statistics is always a dangerous game. However, a 1.4% LFL decline in sales represents the biggest one-month decrease in well over two years and is clearly a worrying sign for operators and investors in the sector.Newman said the company's conversations with operators are now shifting in focus "from estate growth and rollout to driving gross margins and controlling cost inflation with major concerns around rent reviews, the NLW and next year's rating revaluation".Coffer's Mark Sheehan said the impact from declining consumer confidence was undeniable, worsened by the impending EU referendum next week."With each of the home nations represented in Euro 2016, excepting Scotland, we hope to see an upturn in next month's data, but overall, restaurant operators are undeniably struggling while pub companies are experiencing strong like-for-like growth," he added.

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7 Sep 2018 07:30

Summer heat, World Cup add cheer to Greene King sales

(Sharecast News) - The hot summer spell and football World Cup boosted sales at Greene King in the first 18 weeks of the year as Brits inhaled 3.7m pints of beer during England's seven matches.

3 Sep 2018 12:39

Pubs sector 'in a precarious state' - Citi

(Sharecast News) - Many pub companies are in a "precarious state", Citi warned on Monday, as they have too much leverage and little surplus cash flow to bail themselves out as the increasingly indebted UK heads for a potential disorderly Brexit.

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16 Mar 2018 06:48

EUROPE RESEARCH ROUNDUP -BBA Aviation, Flughafen Zuerich, Greene King

March 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BBA Aviation, Flughafen Zuerich and Greene King, on Friday. HIGHLIGHTS * :

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

13 Feb 2017 09:29

BROKER RATINGS SUMMARY: Morgan Stanley Raises AB Foods To Overweight

10 Feb 2017 16:40

FTSE 250 movers: Elementis gains, Just Eat tanks

(ShareCast News) - The FTSE 250 closed up 0.47% to 18,715.36 points. Elementis was a top riser as it entered into an agreement to acquire specialty chemicals platform SummitReheis from an affiliate of One Rock Capital Partners for an enterprise value of $360m. SummitReheis - which is expected to re

10 Feb 2017 10:35

Friday broker round-up

(ShareCast News) - British American Tobacco: Berenberg upgrades to Buy with a target price of 5670p. Smith & Nephew: Jefferies reiterates Buy with a target price of 1350p. BT Group: UBS maintains Neutral with a target price of 325p. Ashmore Group: UBS maintains Buy with a target price of 390p. Da

10 Feb 2017 09:25

BROKER RATINGS SUMMARY: Berenberg Upgrades BAT To Buy From Hold

10 Feb 2017 09:21

Greene King's shares fall as Canaccord cuts target price, lowers guidance

(ShareCast News) - Greene King's shares fell on Friday as Canaccord Genuity reiterated a 'buy' rating but cut the target price to 850p from 900p and lowered its earnings guidance. The pub operator reported strong trading over the Christmas period on Friday as it sounded a confident note on its outlo

10 Feb 2017 07:47

London pre-open: Stocks set to track advance on Wall Street

(ShareCast News) - Shares were expected to start the session higher, tracking a record close overnight on Wall Street and on the heels of better than expected Chinese trade data. As of 0721 GMT the Footsie was being called to start the day higher by 23 points to 7,252. In parallel, the Shanghai Sto

10 Feb 2017 07:16

Greene King reports strong Christmas trading

(ShareCast News) - Pub group Greene King reported strong trading over the Christmas period on Friday as it sounded a confident note on its outlook. In the 40 weeks to 5 February, like-for-like sales grew 1.1%. Excluding Fayre & Square, LFL sales were up 1.6% over the period. Over the last 16 weeks,

9 Feb 2017 13:00

Friday preview: Greene King to report strong third quarter trading update

(ShareCast News) - Pub operator Greene King is expected to report a robust third quarter trading update on Friday during a strong performance across the rest of the sector. Numis anticipates the company will report a small recovery in Christmas trading, in line with the sector, but believes the pres

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'Casual dining' restaurants suffer but pubs bubble up, Coffer Peach finds

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