Category: Restaurants
Current Pub & Restaurant Trading in 60 Seconds…
LfL sales down 1.4% in May in worst month since March 2013: Coffer Peach data rather disappointing to say the least New capacity meets sluggish demand, LfL sales down 1.4% Total sales still up 2.2% (and that’s not including new-entrants, smaller operators etc.) Pubs vs restaurants, London vs the Provinces: Britain needs a drink. Pubs…
London slowdown indicated by Fuller’s numbers. Statistical blip or the end of an era? Likely neither…
London pubs, bars & restaurants in 60 seconds…. London trading has been great. It might be getting a little less so. Recently: LfL sales have been chugging along at 4%, 5%, 6%… Whilst extremely positive, capacity has been increasing, new units have been going on New entrants (vibrant, innovative, relevant) are opening units apace Occupancy…
Euro 2016: Blessing or Blight….
Football benefits wet-led pubs. For virtually all other operators, it’s a negative Pubs: Wet led pubs perform strongly over football tournaments, food led units do not. Sports-led units will clearly perform well. Chameleon bars run the risk of alienating both groups of customers. Hence it’s not just a case of plugging in ‘football’ and getting…
New Entrants, Blessing or Blight….
New entrants keep markets fresh – but they cause problems for incumbents. Restaurants, bars, hotels, you name it: Bars, restaurants: o Peach Tracker shows total sales > LfL by c3%. That’s the impact of new capacity o Some will be new entrants & others will be incumbents bulking up o But the latter can lead…
Pubs & Restaurants – A slower market:
Note, a lot’s priced in. The sector is cheap. Some PERs are single digit & yields are near 5%. Recent data: It’s fast becoming official; the market is tougher. Peach Tracker for March & April (smoothing Easter) suggests LfL sales down c0.2% Marston’s yesterday alluded to tougher H2 comps (starting April) M&B today said that…