February 2020 Like For Like Sales Figures

February 2020 Like For Like Sales Figures

Like for like sales figures jump 4.4% for hospitality providers in February.

 

According to analysis of more than 1,500 sites using S4labour software, overall like for like sales were up 4.4% in February 2020, compared with the same month in 2019.

 

In February 2020, it was the sales of drinks that bolstered the strongest like for like growth, up 6.1% on February 2019, which contrasted with the 1.3% increase in sales of food. This however should be put into context, where 2019 saw reasonably strong growth in sales of food and very modest increase in drinks of sales. 

 

Like last month, it was sites outside of London that saw the strongest sales growth, with a 4.5% uplift of sales outside the capital and a 3.3% rise in London.

 

Sam Wignell, S4labour Chief Customer Officer noted that the figures show a continuing trend in 2020 which suggests that there is something of a revival of wet-led pubs outside London and really strong performance from restaurants in the capital. In fact, there was an 8.1% jump in like for like sales for food orientated business inside the capital and an 8.5% boost in like for like sales for drink focused business outside London. Both of which are year on year growth, something that will be highly encouraging to operators. It will be very interesting to see how this trend pans out throughout the rest of 2020.

March Shows and Events

March Shows and Events

During March, S4labour will be at multiple events, showcasing the system and speaking to existing and future customers. We would love to catch up with you and show you what’s new.

We will be manning stands on various dates, if you are attending one of the following, click on the image and book a slot for a chat. 

January 2020 Like For Like Sales Figures

January 2020 Like For Like Sales Figures

Like for like sales figures bounce 5.5% for hospitality providers in January.

 

According to analysis of more than 1,500 sites using S4labour software, overall like for like sales were up 5.5% in January 2020, compared with the same month in 2019.

 

Unlike the vast majority of 2019, it was sites outside of London that saw the strongest sales growth, with a 6.1% uplift in sales outside the capital and a 3.2% rise in London.

 

There was also a small divergence between sales of food and drink. Drink sales in January 2020 were up 6.3% on January 2019, with food sales seeing a more modest rise of 4.3%.

 

The strong like for likes sales figures from the first month of 2020 should be put into the context of a relatively weak January in 2019, where sales were down 0.9% on 2018.  Last years dip in sales could have been linked to the growing number of people undertaking Dry January and Veganuary. With evidence that growing numbers of people participated in both initiatives in 2020, this month’s figures suggest that operators have managed to attract guests with a diverse range of preferences, catering for those cutting down on alcohol or meat. The figures fit in with a wider trend of the resurgence of the wet led pub.

2019 Like For Like Sales Figures

2019 Like For Like Sales Figures

Like for like sales figures up 1.7% for hospitality providers in 2019 compared to 2018.

 

According to analysis of more than 1,500 sites using S4labour software, like for like sales in 2019 were up 1.7%, compared to 2018.

 

While 2019 had several ups and downs, it followed a year that included record breaking warm weather and a football world cup, so growth for the year is encouraging for the sector.

 

As we saw throughout the whole year, London out performed the rest of the country, this resulted in like for likes sales growth of 2.6% compared to 1.5% outside the capital.

 

Although it was not true for every month of 2019, food focused businesses often had the better of the sales growth. Overall, this resulted in 2% growth in like for like sales over the year, compared to a smaller rise of 1.2% in sales for wet-led sites.

 

One trend that we will continue to look out for in 2020 is the rise of the wet-led site out side of the capital. For much of the last decade, figures have shown that public drinking is in decline, However, these figures suggest a much more healthy picture of the industry outside of London. Wet-led sites outside of London enjoyed a boost of 1.8% in sales in 2019, sites in London shrunk a fraction, with a drop of 0.1%. This shows just how impressive the food orientated businesses are inside the capital, with like for like growth of 8.8%, they are driving the majority of the capital’s sales growth.

December 2019 Sales Figures

December 2019 Sales Figures

-Like for like sales figures flatline for hospitality providers in December 2019.

 

According to analysis of more than 1,500 sites using S4labour software, overall like for like sales were static in December 2019, compared with the same month in 2018, falling by 0.1%.

 

There was positive like for like growth of 1.1% for sales of food in December 2019, however drinkers were more restrained than last year, resulting in a slip of 1.0% in drink sales.

 

Once again London outperformed the rest of the country, with an overall like for like growth of 1.2% compared to a fall of 0.3% outside London. One of the standout figures from December was a 4.2% growth in like for like sales for food orientated businesses inside the capital. Food orientated business outside London barely managed to grow at all, raising just 0.3%.

 

Figures that take the key festive dates of the 24th, 25th, 26th and the 31st in isolation show a much more vibrant picture of the sector, with an overall 3.9% like for like increase on the same days trading in 2018. While drink sales may have been sluggish for the month on the whole, drinks sales spiked 4.6% higher than the same dates in 2018. Surprisingly, it was wet-led sites outside of London that out performed those in the capital. Wet-led sites saw like for like sales up 6.8% over the key festive dates compared to 4.5% in London.

 

The success of the few days around Christmas suggests that people were more inclined to stay at home for much of the month, but were more willing to splash out on the biggest hospitality days of the year. It is possible that business may have missed opportunities throughout the month of December, focusing too heavily on the last week.

 

While the figures for retail are still being crunched, most analysts expect high street spending during December to fall again this year. The rise in online shopping may well have negatively impacted footfall for the hospitality sector also.