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| | | | 15/12/2016 | The Caterer, Neil Gerrard - London recovery boosts pub and restaurant sales in November | | | | | Pub and restaurant sales grow in November | | | | | The Caterer reports that according to the latest Coffer Peach Business Tracker, like-for-like sales in managed pub and restaurants grew by 1.1% in November against the same month a year ago, with London providing the biggest increase.
The tracker recorded a 3.5% increase in like-for-like sales in the capital as compared to the previous November when sales were hit by public nervousness in the wake of the Paris terrorist attacks.
The tracker examines the sales figures from 34 businesses including PizzaExpress, TGI Fridays, and Wagamama.
"London saw like-for-likes fall 1.5% last November and that had a knock-on effect on national figures which were down 0.2% on 2014," said Peter Martin, vice president of CGA Peach, the business insight consultancy that produces the Tracker, in partnership with Coffer Group and RSM.
"So although this November’s overall trading increase is to be welcomed, it has to be put in context. Outside of London, groups recorded collective like-for-likes up just 0.3%, which might be a more accurate reflection of the essentially flat nature of the eating and drinking out market post Brexit vote," he added.
Growth among branded restaurant chains was just 0.2% nationally on November last year, although pubs had a better time with collective like-for-likes up 1.7% and drink-led pubs and bars performing better than food-led.
Total sales growth in November, reflecting the impact of new openings, was 4.1%.
The underlying annual sales trend shows sector like-for-likes running at 0.7% ahead for the 12 months to the end of November, essentially in-line with previous months. |
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