Top managed pubs in growth for February

By The PMA Team

- Last updated on GMT

Related tags: Coffer peach business, Public house, Economics, Coffer peach business tracker

Managed pub sales grew in February
Managed pub sales grew in February
The UK eating and drinking-out market moved back into positive territory in February — or at least the country's leading pub chains did.

The UK eating and drinking-out market moved back into positive territory in February — or at least the country's leading managed restaurant and pub operators did.

The 15 major companies participating in the Coffer Peach Business Tracker collectively saw like-for-like sales up 1.3% against the same month last year. Total sales were ahead 3.0% on February 2009.

The results come as welcome relief after a poor January, when freezing weather conditions contributed to a 5% slump in like-for-like sales. February trading was a healthy 18% up on the previous month.

"This latest set of sales figures are back in line with trading seen during most of 2009, when the Tracker group collectively recorded nine consecutive months of steadily positive like-for-likes up until January," said Peach Factory's Peter Martin.

Jonathan Leinster, head of European leisure and tobacco research, at UBS Investment Bank, said: "This should be considered to be a good result. Some of the improvement is due to easier comparisons.

"A year ago some businesses were suffering not only from the economy but from bad weather too. We also suspect that there has been a return to promotions by some operators, which will have helped the sales results for the month."

The monthly Coffer Peach Business Tracker figures are produced by Peach Factory in partnership with KPMG, UBS and the Coffer Group and monitor performance across the UK eating and drinking-out sector.

Related topics: Other operators

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