Strong sales continue for UK pubs and restaurants post-Brexit

October 21st, 2016 | Posted in:

Post-Brexit blues haven’t stopped consumers spending in the UK’s pubs and restaurants, with managed pub and restaurant groups reporting collective like-for-like sales up 1.8% in September, according to the Coffer Peach Business Tracker.

Branded restaurant groups performed slightly better than managed pubs, with like-for-likes ahead 2.2%, against a 1.6% increase for the month for pub groups.

Total sales for the month among the 34 companies represented in the Tracker, including TGI Fridays and Wagamamas, were up 5.0% in September 2015, reflecting new site openings over the past 12 months among Tracker participants.

The underlying annual sales trend shows sector like-for-likes running at 0.7% up for the 12 months to the end of September, broadly in line with the trend seen over the summer as a whole.

“It’s the third month in a row following the EU referendum that that sector has recorded positive growth, suggesting that consumer confidence remains upbeat following a sluggish start to the year,” said Peter Martin, vice president of CGA Peach, the business insight consultancy that produces the Tracker, in partnership with Coffer Group and RSM.

“The good weather will have helped trade this September, but the underlying trend for the market as a whole has been upwards right across the summer, so operators can take some heart from the fact that the public doesn’t appear to have cut back on going out despite the continuing longer-term economic uncertainty around Brexit.”

However, Mark Sheehan, Managing Director of Coffer Corporate Leisure, warned that rising levels of inflation and import costs might have a damaging effect on sales.

He said, “The hospitality sector continues to show growth post-Brexit. Like-for-like sales are broadly in line with the recently released inflation numbers. Hospitality is often a bellwether of confidence and these figures show the continued resilience of UK consumers.

“However, the news this week that inflation has hit the highest levels for two years, plus rising import and fuel costs, could well mean that we start to see a dip in consumer confidence levels and reduced spend on eating out as cost increases start to get passed on to customers.”

The following two tabs change content below.

DRAM News Team

Editor at DRAM Magazine
DRAM magazine is Scotland’s leading monthly licensed trade magazine. It has been dedicated exclusively to the on-trade in Scotland for the past 23 years. It is independently owned, edited and published in Scotland. The DRAM is innovative, creative and original. First with the news, and the people in the news. Covering all the latest information on pubs, bars, clubs, restaurants and hotels in Scotland.

Latest posts by DRAM News Team (see all)


2017 Award Winners In Full

Wed 16th August 2017

DRAM Lifetime Achievement Linda Johnston – Auchrannie Hotel & Resort BII Customer Service Award Atlantic Bar & Brasserie, Glas... Read more.

Glasgow Pips Edinburgh for Most Gongs at Scottish Bar and Pub Awards

Wed 16th August 2017

Scotland’s licensed trade celebrated in style at the Scottish Bar and Pub Awards on August 15th after the crème de la crème of the i... Read more.

Dug ‘n’ Duck for Millerston

Wed 9th August 2017

The Dug ‘n’ Duck, a new venture between Punch and local couple Ian and Irene Knotts, has taken the place of The New Inn in Mille... Read more.

Buzzworks Recruitment Drive Tonight!

Wed 9th August 2017

Buzzworks Holdings is holding a special event in Kilmarnock this evening aimed at recruiting 40 new members of staff. One of Scotland’... Read more.

August Round Up

Wed 9th August 2017

There was street art, street food and quality rum aplenty at Flor de Cana’s recent Rum Frontiers event, where bartender Ryan Rhodes, of Du... Read more.

Revamp for Hutchesons

Tue 8th August 2017

Rusk & Rusk have revamped and reopened their Merchant City venue Hutchesons and introduced Hutchesons The City Grill. First opened in 20... Read more.

£15m Spend on Queensferry Hotel

Tue 8th August 2017

The Shore Grill & Fish House has been unveiled as part of a £15 million investment at The Queensferry Hotel. The Shore, an open-plan ba... Read more.

Sue Says: August 2017

Mon 7th August 2017

Sue Says: Our editor Susan Young has her say on the industry this month. This time of year it is all about the awards … and over the cours... Read more.

August News Shorts

Mon 7th August 2017

Have a wee read of our news shorts from August! No Hyding on George Street Hyde & Son Coffee Bar and Lounge has opened up within Eden Lo... Read more.

Stats Show Continued Innis & Gunn Growth

Mon 7th August 2017

New figures released by Innis & Gunn reveal that the independent craft brewer increased its group turnover from £11.8m to £14.3m last ... Read more.

August Brand News: Gin

Sun 6th August 2017

Pickering’s Gin & Edinburgh Festival Fringe launch exclusive bottling Pickering’s Gin has launched an exclusive bottling with Edinbu... Read more.

Design Focus: The Coach House

Sat 5th August 2017

The Coach House: 31 Main Street, Bridge of Weir The Coach House, a sophisticated bar/restaurant in Bridge of Weir, is Buzzworks Holdings’ ... Read more.

August Brand News: Whisky

Sat 5th August 2017

Douglas McGibbon Rebrand Douglas McGibbon & Co has rebranded its Clan Denny Single Malt and Single Grain Scotch Whisky range. The new-lo... Read more.

Brand News: Market Report

Fri 4th August 2017

WM Grant Publish Annual Report Wm Grant & Sons published their 2017 Annual Report last month and revealed it to members of the trade at ... Read more.

Raasay Distillery Coming Next Month

Fri 4th August 2017

A brand-new distillery will open on Raasay next month, and it’s expected to employ 10% of the Hebridean island’s population! Isl... Read more.

Leith Wine Cafe To Launch Next Week

Fri 4th August 2017

Leith’s first wine cafe is set to open at The Shore next Tuesday. Already a hub for numerous popular restaurants and bars, the trendy ... Read more.

Design Focus: The Brae

Fri 4th August 2017

The Brae: 26 Townfoot, Dreghorn, Irvine KA11 4EG Take a quaint Ayrshire village with a shortage of eating out options, a boarded up pub wit... Read more.

Brand News: Beer

Thu 3rd August 2017

Heverlee Debuts Packaged Product If you were in Edinburgh over the weekend of the 21st July you may have seen the transformation by Heverlee... Read more.

The Greatest Job Interview In The World?

Thu 3rd August 2017

Grant’s Whisky are sending three candidates on a world tour as part of the interview process for their Global Brand Ambassador vacancy... Read more.

Design Focus: Monty’s

Thu 3rd August 2017

Monty’s: 9 Radnor Street, Glasgow G3 7UA Interconnecting Sauchiehall Street and Argyle Street in Glasgow’s West End, the somewhat le... Read more.