Pub and restaurant like-for-like sales down 0.4%, Coffer Peach Business Tracker reveals

Coffer Peach Business Tracker, Like for like, sales
15/06/2017 - 07:20
Collective pub and restaurant like-for-like sales are down 0.4% nationally, according to the latest Coffer Peach Business Tracker.

The business tracker also revealed that groups in London reported like-for-like sales were up 0.1%, while those outside reported a 0.6% fall.

Mark Sheehan, managing director of Coffer Corporate Leisure, said: “Like-for-likes in May were below inflation. Pre-election jitters will likely have weighed on consumer confidence.

“Worries over the uncertainty created by a hung parliament, a fraught Brexit process and fears surrounding terrorist attacks could deter some consumers, particularly from visiting city centre restaurants, although staycations may offset this in some parts of the country.”

The business tracker, which takes sales figured from 35 leading companies, also showed that total sales growth in May was 2.4%. In April, like-for-like sales were up 4.4% with a total sales growth of 7.4%.

Peter Martin, vice president of CGA Peach, said: “May’s numbers will be a disappointment for operators as they come after a 4.4% increase in April, but the truth is we are seeing an essentially flat market.

“Eating and drinking out has proved resilient, with the public continuing to go out even through the last downturn.”

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