Upwardly mobile 20 September 2019 The founders of coffee and brunch chain Caravan are on the move, taking their business model to new Chelsea restaurant Vardo
In this week's issue... Upwardly mobile The founders of coffee and brunch chain Caravan are on the move, taking their business model to new Chelsea restaurant Vardo
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Cooler weather serves up successful July for restaurant chains

12 August 2019 by
Cooler weather serves up successful July for restaurant chains

Restaurant chains enjoyed a 3.8% year-on-year sales bounce in July, after hot weather and the World Cup hit revenue in 2018.

Headline figures were also buoyant for pub sales, which after benefitting from a hot, action-packed summer in 2018, saw sales slip only by 0.2% last month according to the Coffer Peach Tracker.

Karl Chessell, director of business insight consultancy CGA, which produces the tracker, in partnership with Coffer Group and RSM, said: "Considering the barnstorming July that pubs had last year, holding relatively steady this July will be seen as a good performance, and restaurant groups will be more than relieved with their sales recovery."

Restaurants outside the M25 performed slightly better than those in London, up 4.3% compared to 2.4%; while pubs in the capital outperformed those in the regions seeing 0.1% growth compared to a decline of 0.3%

Chessell added: "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."

Pubs and bars in like-for-like sales decline after perfect summer as restaurants experience boost>>

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