Category: Trading updates
60 Seconds – Is a Bull Trap emerging in Hospitality?
A deteriorating situation on the ground? Pressures are building within the UK hospitality industry. GNK, RTN, FUL, COM, RIC & TAST have recently warned on profits & analysts have downgraded estimates for MARS, MAB & others. Which is odd as the July Coffer Peach Tracker suggests ‘It’s steady as you go for Britain’s managed pub…
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 cinemas: A tough year in prospect?
The current situation: US cinema attendances are down 52% y-t-d (per Box Office Mojo). BOM unhelpfully adds ‘summer 2017 is closing out with the worst Labor Day weekend in 17yrs’. Such trends have a habit of crossing the pond. How did we get here? TV did the damage 50yrs ago. Cinema subsequently rallied…
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…