Category: Pubs
Leisure Spending, JDW, Brexit
Leisure & the Brexit vote – Assessing the Impact
The initial financial impact. 52% of voters (38% of the electorate) voted to leave the EU on 23 June The FTSE100 fell then rose. It is now +3% since 23 June. But FTSE100 is an international index. In US$ terms (pound down 13%), it is down 10%. The largely domestic FTSE250 is down 9% in…
Margin watch. Rising costs threaten profitability over the medium term…
Some costs are rising but the CPI isn’t… Labour & commodity prices up, CPI stuck at 0.3% The oil price has doubled in 3mths, sugar is +71% on a year, OJ is +41% Soybeans are +19% & even coffee, corn & pigs (+6%, +9%, +15%) cost more NLW and NMW are jacking labour costs by…
Current Pub & Restaurant Trading in 60 Seconds…
LfL sales down 1.4% in May in worst month since March 2013: Coffer Peach data rather disappointing to say the least New capacity meets sluggish demand, LfL sales down 1.4% Total sales still up 2.2% (and that’s not including new-entrants, smaller operators etc.) Pubs vs restaurants, London vs the Provinces: Britain needs a drink. Pubs…
London slowdown indicated by Fuller’s numbers. Statistical blip or the end of an era? Likely neither…
London pubs, bars & restaurants in 60 seconds…. London trading has been great. It might be getting a little less so. Recently: LfL sales have been chugging along at 4%, 5%, 6%… Whilst extremely positive, capacity has been increasing, new units have been going on New entrants (vibrant, innovative, relevant) are opening units apace Occupancy…