Total sales across the 27 companies in the Coffer Peach Business Tracker grew by 3.1 per cent during September, reflecting the continued rollout of new sites, particularly fromcasual dining chains outside of London.
The longer-term trend shows that the market remains just positive, with year-on-year like-for-likes for the 12 months up to the end of September 0.7 per cent up on the previous 12 months. Total sales growth is 4.1 per cent up.
“The good summer weather has been generally good for the eating and drinking market, but September seems to have delivered something of a hangover for the sector,” said Peter Martin of CGA Peach, which produces the Tracker. “Sales growth last month was the lowest since April.
“Branded restaurant chains collectively had the worst of the sales slowdown, with like-for-likes nationally down 1 per cent on last September.
“The best performance for the month came from London managed pubs, which were up an impressive 3.4 per cent on last year. The combination of drink and food appears a compelling mix for consumers inside the M25.”