All Analysis & Insight articles – Page 32
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Analysis & InsightInflation continues to outpace sales growth
Like-for-like sales across pub, bar, and restaurant groups were 1.4% ahead of last year but well below inflation, according to the Coffer CGA Business Tracker
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Analysis & InsightSoaring UK food prices worry households and policymakers
The highest food inflation in 45 years leaves consumers spending more to get less, The Financial Times reports in an analysis of the latest inflation figures
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Analysis & InsightConsumer confidence sees month-on-month improvement
Consumer confidence is up six points to -30 in April 2023, compared to -36 in March, according to the GfK Consumer Confidence Index
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Analysis & InsightQSR market adds £1.8bn in value
The top 10 QSR operators are expected to achieve a combined outlet growth of +4.1% in 2023, to a total of 6,116 sites
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Analysis & InsightFood co insolvencies treble
In the past year, food manufacturers such as Orchard House Foods, who supplied fruit and juice to Pret a Manger, were forced to close their doors
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Analysis & InsightPret’s spring refresh relies on both health and indulgence
As two competing trends take over the sector, the food-to-go brand has unveiled a range of new items that cater to changing consumer needs following a pandemic and cost of living crisis
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Analysis & InsightLeading restaurant brands to grow value in 2023
Lumina Intelligence forecasts the top 10 branded restaurants by turnover are expected to value £2.9bn in 2023, +2.1% ahead of 2019
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Analysis & InsightWill Charles’ coronation provide a King’s ransom for the UK economy?
Sales were £87m higher than average during last year’s Platinum Jubilee, the Daily Mail reports
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Analysis & InsightFoodservice price inflation shows signs of easing
Food price inflation fell slightly year-on-year to 20.6% in February, but margin pressure for operators is still expected to increase this year, according to the latest CGA Prestige Foodservice Price Index.
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Analysis & InsightBug burgers – coming to a bar near you?
As BrewDog considers serving cricket burgers in its bars, MCA explores the potential for insects to appear on more restaurant menus, hears about the health and environmental benefits, and asks whether customers can overcome their squeamishness and enjoy eating bugs
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Analysis & InsightEaster Weekend sees 64.2m pints sold
Sales were +5.4% versus 2022, with stout and world lager the biggest category winners, according to the Oxford Partnership
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Analysis & InsightDinner experiences decline in channel share
The dinner day-part has seen its occasion share decline by 1.4ppts year-on-year, in the four weeks to 19 March 2023, according to the latest Lumina Intelligence Eating and Drinking Out Panel data.
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Analysis & InsightSignificant number of consumers planning cuts to nights out
More than three-quarters of consumers are planning to cut down on nights out, the latest Rekom Night Index has found.
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Analysis & InsightConsumer confidence and eating out intentions improve
The proportion of people who plan to eat out less has increased by three percentage points since Autumn 2022, according to PwC
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Analysis & InsightRestaurants saw boost to spend over Easter
Hospitality and leisure businesses benefitted from a 2.7% increase in the total number of sales as the warmer weather saw people come out and spend, according to new data
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Analysis & InsightPret increases prices by up to 18%
The price of an all-butter croissant at Pret’s station sites has increased by 18.2%, for example, however price increases at its high street sites have been less steep, it has been reported
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Analysis & InsightConsumers opting to cook at home over restaurant meal
A fifth of consumers are even avoiding social plans that involve eating out, in order to save money, the latest Barclays card spending data has found.
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Analysis & InsightEnergy bills ‘wiping out profits’
Pubs are closing at a faster rate than during the pandemic, with 150 permanantly lost in the first three months of 2023
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Analysis & InsightCalorie counting is wrecking menus – and risks driving a wave of eating disorders
Anti-obesity legislation is turning eating out into a minefield, the Telegraph reports
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Analysis & InsightFulham Shore: ‘Too tempting an offer to refuse’
The cash offer on the table may not price in Fulham Shore’s full potential, but the acquisition by Toridoll represents a good deal at a time when the restaurant sector is not yet back to full strength