Category: Restaurants
60 Seconds: Tough summer dents pub profits
Tough summer dents pub profits. Greene King says LfL managed sales in the 18wks to 3 Sep fell by 1.2%. Sales in the first 10wks were flat (0% LfL). This implies they fell by more than 2.5% LfL in July & August. September comps are very tough; there will be a relative September shortfall.
Restaurants: The Going Gets Tough…
60 Seconds on Restaurant Group, Marstons, and Greene King
The scene is set… The market responded well to Restaurant Group’s first half trading update last week, with shares up c10% (338p). Confidence is growing in Restaurant Group’s turnaround but its sales trend is negative at a time when its industry is oversupplied and facing cost pressures. Management itself says: ‘like-for-like sales and margins will…
60 Seconds. Actions Speak Louder than Words…:
Demand softer & economy is slowing; why so little comment? Data shows construction, industrial output & manufacturing output fell in Q2 Car production is lower year to date & GDP targets may be undershot Big ticket spending (see e/ms) may bear the brunt House transactions, furniture sales & car sales are slowing but holidays look…
60 Seconds. Market Evolution, Supply, supply, supply & Demand…:
Is the market over-supplied or is demand softening? Recent trading updates: Burger, chicken & pizza are amongst the most reliable of casual dining fayre Hence recent troubles at Ed’s Easy Diner, Comptoir Group, Tasty, Richoux & even bar group Revolution, aren’t too much of a surprise But Restaurant Group provides burger, chicken & pizza &…