| | As reported by Peach Report, pub and restaurant groups have recorded a solid start to 2016, with collective like-for-like sales in January up 1.9% on the same month last year, according to latest figures from the Coffer Peach Business Tracker.
Total sales for the month among the 31 companies in the Tracker cohort were up 5.4% on the previous year, reflecting the impact of new openings and the continued investment in sites, particularly among restaurant groups outside of London.
Companies trading away from London saw the best of January’s sales uplift too, with collective like-for-likes outside of the M25 up 2.4% on last year, while London sales were essentially flat, registering just a 0.4% increase.
The long-term trend shows sector like-for-likes ahead 1.8% nationally for the 12 months to the end of January against the previous 12-month period. |