Sales at 14 of the UK’s biggest restaurant and pub chains rose for the seventh consecutive month in October, according to the latest Coffer Peach Business Tracker.
Restaurant chains including Pizza Express and Strada and pub restaurant operators Whitbread, Mitchells & Butlers and Punch saw October sales rise 5.5 per cent on September’s, the largest monthly increase since Easter. Like-for-like sales on last October rose 2.8 per cent.
“The increase reflects both the continuing resilience of the major eating and drinking-out chains and the fact that October comparables were expected to be stronger, in the light of last October’s post-Lehman financial crash,” said Peter Martin, chief executive of Peach Factory, which produces the Business Tracker in partnership with KPMG, UBS and the Coffer Group.
“They again emphasise the fact that the bigger players have in general been able to stay ahead of the market and that consumer spending on eating and drinking out has not been as badly hit as many predicted at the start of the year.”
Jonathan Leinster of UBS said factors contributing to the rise included increased promotional activity, improving consumer confidence and good weather.