By M&C Report team2004-12-30T15:52:00+00:00
Britain’s managed pub, restaurant and bar groups saw sales drop just 1% in June from the same month in 2019, according to the Coffer CGA Business Tracker boosted by good weather.
Travel hub operator SSP has simplified its menus by up to 50-60% during the pandemic, which could result in smaller menus remaining post-covid, according to an analysts’ note by Peel Hunt.
East Coast Concepts, the Manchester-based restaurant and bar group, has been bought out of administration.
Domino’s has delivered a “strong” performance for the first half of 2021, aided by reduced VAT, the Euros, an increase in orders and the chain’s own marketing activity. In the 26 weeks to 27 June 2021, UK and Ireland system sales grew 19.6% to £752.3m. Like-for-like system sales, excluding splits were up 19.3% (18.4% including splits). The chain warned that second half growth would be lower due to scheduled VAT increases.
Yum! Brands – owner of KFC, Pizza Hut and Taco Bell - has reported strong Q2 growth, with KFC UK’s system sales rising 248% compared with the previous year, when many of its stores were shut due to the pandemic.
CGA research indicates that 56% of consumers have returned to restaurants, pubs and bars since 19 July, although a continued focus on social distancing measures in venues is keeping sales below pre-Covid levels. In total, around three quarters (73%) of consumers have returned to the out-of-home market since venues could reopen in April.
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