All Forecasts articles
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NewsWhitbread: ‘We think the plan we’ve laid out is the right one’
Following its Q1 results, the group has pushed back against calls from activist investor Corvex Management to reduce UK capex saying it ‘would not be the right thing to do’
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NewsWhitbread delivers ‘strong and improved’ Q1 performance
The group has reported total sales growth of 2% in the first quarter of its financial year and says its new five-year accelerating growth plan is being executed ‘at pace’
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Analysis & InsightHospitality remains ‘stuck in stagnation’ as like-for-like sales grow marginally in May
Year-on-year growth across Britain’s leading hospitality groups has now been below the UK’s rate of inflation, as measured by the Consumer Prices Index, for 13 consecutive months
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NewsEveryman to delist from stock exchange
The 49-strong luxury cinema group said recent trading has been positive – but there was ongoing uncertainty due to the challenging economic environment
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InterviewsSugarloaf: ‘TGI Fridays had to right size to set itself for the future’
The casual dining group still sees plenty of scope for growth in the UK, and is also keen to rebuild its reputation as a bastion for entry-level job opportunities in the hospitality sector
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NewsLondon enjoying ‘taco renaissance’ as online searches surge
According to DesignMyNight, there has been a 261% year-on-year increase in searches for the staple Mexican dish in the capital
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NewsPret to expand into major Canadian airports
The expansion of the sandwich giant’s Canadian presence forms part of its ongoing agreement with A&W Food Services
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NewsHaven CEO keen to roll out Wetherspoon partnership across estate
Simon Palethorpe says the tie-up has been a storming success for the caravan park operator with one million Wetherspoons meals having been sold in the two years since its launch
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NewsJamie Oliver Restaurants to expand India footprint
The group has announced a major strategic expansion across the country in partnership with its franchisee, Dolomite Restaurants, with five new sites set to open this year
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Analysis & InsightWho has had a pizza the action? A history of PizzaExpress over three decades
PizzaExpress has had seven different owners since founder Peter Boizot’s sale to Luke Johnson’s and Hugh Osmond in 1993, including being quoted plc twice, and four separate private equity owners. In this deep dive analysis drawing on decades of research, Geof Collyer of Lavender Bank Parters explores what has been invested, who has made or lost money during ownership, and who has looked after the business.
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NewsKokoro ‘well positioned to deliver sustained growth’ as profits rise
The Korean-Japanese QSR chain is currently transitioning existing joint venture stores to a franchise structure in order to create ‘a more scalable operating model’, as it targets nationwide growth
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Analysis & InsightBritain’s restaurant industry is entering its biggest consumer shift since casual dining
Consumers no longer separate eating from the rest of their day-to-day activity, identity and lifestyle. Food now sits inside an ecosystem connected to fitness culture, wearable technology, supplementation, sleep optimisation, healthcare and personal productivity
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NewsBig Mamma performing ‘in excess of expectations’ as turnover surpasses £50m
Despite swinging to a loss, the French-founded Italian group says its restaurants continue to see ‘resounding results’ with sales up 27% in its most recent financial year
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NewsAdnams chair: ‘The company’s level of borrowings was unsustainable’
The regional brewer and pub operator’s chair, Simon Townsend, says the group’s asset disposal programme has been ‘absolutely essential to provide a solid base from which to restore profitable growth’
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Weekend PressBusinesses in hospitality among those left in “total survival mode” by surging energy prices
The Times reports many businesses in rural areas are at breaking point as a surge in the price of heating oil and diesel adds to pressure from rates rises and the minimum wage
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NewsLate-night venues ‘bearing the brunt of hospitality closures’ as segment continues to contract
The latest Night Time Economy Market Monitor shows the space has shrunk by 28.9% in the six years since Covid-19 first hit, equating to nearly three net closures every week
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News‘No easy route to recovery’ for hospitality as insolvencies remain high
Analysis of government figures by Buchler Phillips shows the sector remains near the top of the insolvency table with ‘experiential’ or themed chains and cocktail bars the most vulnerable formats
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Analysis & InsightPizzaExpress looks to prove new QSR concept
The casual dining juggernaut has entered the quick-service market with a small-scale high-tech restaurant in London’s Brixton that could provide the blueprint for a new expansion strategy
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Analysis & InsightGeopolitical shocks threaten to drive foodservice cost increases despite March price dip
The latest data from NIQ and Prestige Purchasing suggests that despite a 1.4% fall in food and drink prices in March further rises are likely in the coming months
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Analysis & InsightEating out cutbacks planned as consumer sentiment falls
Forty percent of people plan to eat out less, as consumer sentiment falls to a three year low amid anxieties over the economy and war in the Middle East, according to PwC