The latest Coffer Peach Business Tracker has revealed that total sales in Life for Britain's restaurant and pub groups has risen for the third month in a row.
The Tracker found that sales had risen by 1.9 per cent in June, compared to the previous month; this following further increases in April and May also. In total, sales were up 4.8 per cent, when compared to June 2012. Looking regionally, London naturally outperformed, with sales having risen by 5.1 per cent year-on-year, although it should be noted that June 2012 saw both the Euro 2012 and the Queen's Diamond Jubilee – both of which hit restaurants hard.
Industrial analysts have looked to the recent cold snap, which lasted until April, to explain why there have been such sharp rises in households eating out in recent months. This, coupled with boosted consumer confidence and positive wider economic forecasts, means more individuals are able to casually dine out. These figures will undoubtedly be welcomed by pub and restaurant owners, who not only will see increased seasonal profits but may be able to boost hospitality recruitment in respective local areas.
Peter Martin from Peach Factory did note however that the overall picture is still mixed, especially with pub sales remaining flat and drink-led pubs actually recording a decline in sales over the past 12 months. Mr Martin said: “People are continuing to go out to eat and drink, but there is no single narrative for the market. Behind the headline figures, there are real and important differences regionally and between types of operation. It points to a still highly-competitive market, with operators needing to keep close track of changing customer habits.”
The results are based on a tracker of 27 leading firms such as Pizza Hut, Whitbread, Mitchells & Butlers and Young’s.
Berkeley Scott is a specialist recruitment agency in the food industry.