Restaurant groups see steady sales growth in July

Restaurant groups see steady sales growth in July

Managed restaurant and pub groups saw collective like-for-like sales growth of 1.2% in July, against the same time last year, figures from the Coffer Peach Business Tracker show.

Chain restaurants are also recovering strongly after a poor 2018 summer, which will be welcome news to the industry.

Restaurant groups saw like-for-like sales up 3.8% in July 2019, compared to July 2018, when trading was hit by the World Cup, and hot weather.

Restaurants had a better time outside of London, up 4.3% against 2.4%, and total sales across the 54 companies in the Tracker are ahead 3.6% compared to last July.

However, it’s not all positive. Restaurant groups registered more closures than openings in July 2019, compared to July 2018.

“Restaurant groups will be more than relieved with their sales recovery,” says Karl Chessell, director of CGA, the business insight consultancy that produces the Tracker, in partnership with Coffer Group and RSM. “Following a good showing in June when collective like-for-likes across the sector grew 1.4%, the eating and drinking-out market is showing some resilience. Nevertheless, with Brexit looming, there will be real nervousness about a crash in autumn.”

The Coffee Peach Business Tracker collects sales figures directly from 54 leading companies including Azzurri, Banana Tree, Bill’s, Byron, Carluccio’s, Casual Dining Group, Gaucho, Giraffe, Gusto, Honest Burgers, Mitchells & Butlers, Mowgli, Pizza Express, Pizza Hut, Prezzo, The Restaurant Group, TGI Fridays, Various Eateries, Wagamama, and Yo!, among others.