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March like-for-like sales down 0.5% due to late Easter – Coffer Peach Tracker reveals
12/04/2017 - 08:53
Collective like-for-like sales in Britain’s restaurant and pub groups were down 0.5% in March due to a late Easter, according to the latest Coffer Peach Business Tracker.
Written by Andrew McClean
Peter Martin, vice president of CGA Peach, said: “Easter can usually be relied on to provide a significant boost to the eating and drinking out market, but with it falling in April this year, a month later than last time, it has skewed March trading figures. But with only a 0.5% decrease overall, operators will be hoping for an extra uplift when April numbers appear.”
Restaurant chains recorded collective like-for-like sales down 1.4% in March, with trading in managed pubs flat compared with the same month last year.
However, London saw strong trading during the month, with a 2.9% like-for-like increase across the market, the tracker reveals. Outside the M25, like for like sales dropped 1.7%.
Despite the March figures, the tracker also revealed that underlying annual like-for-like sales for the sector are running 0.8% ahead for the 12 months to the end of March.