Overall like-for-like sales of managed groups flat in July compared to June
July sales were boosted by the Euros tournament and heat wave.
Managed pubs, bars and restaurants recorded flat like-for-like sales in July compared to a month before, which recorded 4.7% growth on the back of bank holidays and the Jubilee.
This was revealed in the recent CGA by Nielsen IQ tracker, which partnered with The Coffer Group and RSM UK, where July figures were supported by the Euros tournament and heat wave.
The hot weather benefitted groups with outdoor dining whilst stopping customers from visiting indoor outlets.
In July, restaurants were the strongest performing with sales with +1.3% versus from three years ago.
Dine-in sales down -8% as consumers are choosing deliveries over indoor dining.
“The Tracker demonstrates that trading in London continues to struggle, with -2% LFL sales growth, compared to a decline of -1% in June and a flat performance in May,” CGA said in a statement.
Karl Chessell, director - hospitality operators and food, EMEA at CGA, said: “A flat rate of LFL sales reflects the slow but steady trajectory of the past few months. Operators are acutely aware of the challenges that lie ahead during the second half of 2022. Inflation, rising costs, supply chain issues, and staffing challenges are impacting businesses. But the hospitality sector continues to demonstrate extraordinary resilience and remains an important channel for investment long term.”