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.

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.

November Sales Figures

November Sales Figures

Like for like sales figures grow 6% for hospitality providers in November 2019.

According to analysis of more than 1,500 sites using S4labour software, overall like for like sales grew by 6.0% in November 2019 compared with the same month in 2018.

There was positive like for like growth for both food and drink sales with the split being relatively equal. Food sales grew by 5.5%, with drinks sales up 6.2%.

Like previous months, there was a geographic skew towards London and the rest of the country, with like for likes up 7.5% in the capital, while sites outside London had a positive 5.6% increase in like for likes.

Across the country, it was drinks focused business that saw the greater sales growth in November, with a 6.8% rise in like for like sales, while food led business, who have typically had the better like for like figures throughout 2019, we up 4.9%.

The positive like for likes in November follow modest growth in October and operators will hope that it’s a good signal for Christmas trading.

October Sales Figures

October Sales Figures

Like for like sales figures grow 1.1% for hospitality providers in October 2019.

According to analysis of more than 1,500 restaurants, pubs, bars, hotels and cafes that use S4labour software, sales of both food and drink were down 3% in September 2019 compared to September 2018. The dip in the performance follows 2 months of particularly strong sales over the summer period. 

 

The figures compare sales of food and drink in September 2019 v September 2018. The low levels of rainfall and higher than seasonal average temperatures that resulted in strong sales performance in September 2018 were not factors for this September and could have dampened appetites for eating and drink out.

 

Overall, hospitality sites that are drink focused dropped 4.8% in like for like sales and sites that are food focused saw a modest 1.1% decline in like for like sales.

 

Looking at wet-led pubs, it was a decline of 5.1% in drink sales that was the standout figure. The Rugby World Cup would have helped draw some drinkers into these sites, however the earlier kick off times may have muted the bounce in sales that a major sporting event can bring to drink focused businesses. A fall of 3.7% in food sales further compounded the results at drink focused businesses.

 

Food focused pubs also faced a small decline in like for like sales in September 2019, although to a more modest extent, with a food slipping by 1.7% and drink 0.2%. The inclement weather compared to the same period in the previous year is likely to have been a significant factor to these figures.

September Sales Figures

September Sales Figures

Hospitality providers like for like sales drop 3% in September 2019.

 

According to analysis of more than 1,500 restaurants, pubs, bars, hotels and cafes that use S4labour software, sales of both food and drink were down 3% in September 2019 compared to September 2018. The dip in the performance follows 2 months of particularly strong sales over the summer period. 

 

The figures compare sales of food and drink in September 2019 v September 2018. The low levels of rainfall and higher than seasonal average temperatures that resulted in strong sales performance in September 2018 were not factors for this September and could have dampened appetites for eating and drink out.

 

Overall, hospitality sites that are drink focused dropped 4.8% in like for like sales and sites that are food focused saw a modest 1.1% decline in like for like sales.

 

Looking at wet-led pubs, it was a decline of 5.1% in drink sales that was the standout figure. The Rugby World Cup would have helped draw some drinkers into these sites, however the earlier kick off times may have muted the bounce in sales that a major sporting event can bring to drink focused businesses. A fall of 3.7% in food sales further compounded the results at drink focused businesses.

 

Food focused pubs also faced a small decline in like for like sales in September 2019, although to a more modest extent, with a food slipping by 1.7% and drink 0.2%. The inclement weather compared to the same period in the previous year is likely to have been a significant factor to these figures.