Category: Trading updates
60 Seconds. Actions Speak Louder than Words…:
Demand softer & economy is slowing; why so little comment? Data shows construction, industrial output & manufacturing output fell in Q2 Car production is lower year to date & GDP targets may be undershot Big ticket spending (see e/ms) may bear the brunt House transactions, furniture sales & car sales are slowing but holidays look…
Overfocusing on sales growth?
By Jack Brumby
There’s no Holy Grail. Sales & margin need to be considered together. Capex needs to be rationed and, at the end of the day, it’s cash that matters…
Restaurants in US hit bump, any UK read-across?
By Mark Brumby
Gloomy comments Stateside:
4 Jan: NPD Group says ‘a restaurant industry that struggled with weak sales and traffic in 2016 shouldn’t expect much improvement in 2017.’
4 Jan: NPD ‘expects restaurant industry traffic to remain stalled in 2017’. It sees a shift from dine-in to quick-service…
Domino’s Pizza Group: The Dog that Caught the Bus
Out with the old targets, in with the new… It can be uncomfortable when a fast-growing company approaches its long-term targets – if it wants to maintain its rating, it had better find some new ones sharpish. Domino’s UK, for example, has just under 1,000 stores and is rapidly approaching its old target of 1,200,…
M&B’s tone points to tricky 2017; a tough year might hit some harder than others…
The factors driving capacity: cheap cash and new ways of raising it… Low interest rates have allowed casual dining concepts to flourish. Crowdfunding has also provided an avenue of funding for operators. This has resulted in growth for growth’s sake and the saturation of the restaurant market. Several operators have built substantial estates in as…