Inflation
Our coverage compiles our focused reporting on how inflation is impacting the UK foodservice and hospitality sector, from rising ingredient and energy costs to wage pressures, supplier pricing, and menu repricing strategies. We cover the knock-on effects across restaurants, pubs, bars, cafes, and catering firms, with expert commentary and operational insight to help owners, operators, and F&B executives respond effectively. Whether you’re managing margins, adjusting procurement, or making pricing decisions, this archive offers clarity on the inflationary forces reshaping the economics of hospitality.
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May- 2024 -21 MayNews
Today’s news in brief – 21/05/24
The Big Table Group reported a pre-tax loss of £13.8m for the year ended October 2023, despite having increased its turnover from £26.1m to £31.6m. The owner of Café Rouge, Bella Italia, and Frankie and Benny’s attributed its performance to rising inflation, which had commenced during 2022 and had also…
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21 MayRestaurants
The Big Table Group losses widen in FY results
The Big Table Group has reported a pre-tax loss of £13.8m for the year to 29 October 2023, despite having increased its turnover from £26.1m to £31.6m. This comes after the group, which owns Café Rouge, Bella Italia, and Frankie and Benny’s, among other chains, also posted a loss of…
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17 MayCafes and Coffee Shops
Joe and The Juice revenues jump 42% to £275.9m
Joe and The juice reported a 42% revenue increase to DKK 2.4bn (£275.9m) for the financial year 2023. For the first time in several years, the group also saw a positive operating profit (EBIT) which reached DKK 178m (£20.4m) compared to DKK -47m (-£5.4m)in 2022. The increase in operating profit…
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16 MayCatering Companies
Contract caterers’ Q1 sales rise 7% despite drop in units served
Top contract caterers across the country experienced strong like-for-like sales growth of 7% for the first quarter of 2024 despite seeing a drop in the number of outlets they serve, CGA’s Contract Catering Tracker has revealed. While this shows the sector’s continued recovery from the pandemic, with this being the…
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15 MayNews
Hospitality vacancies remain above pre-pandemic levels
Hospitality vacancies remain “stubbornly” above pre-pandemic levels with little positive movement in five months, the ONS has revealed. According to the latest statistics published yesterday (14 May), there were 107,000 vacancies in hospitality in the quarter to April 2024. This is 15% higher than pre-pandemic levels of 93,000. UKhospitality argues…
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15 MayFood and Drink
Hospitality leaders remain cautious amid rise in revenues
Britain’s hospitality leaders remain cautious amid tentative signs of improved consumer spending and relief on some costs, CGA by NIQ’s latest Business Confidence Survey reveals. The exclusive poll revealed that 34% of leaders feel confident about prospects for the hospitality market over the next 12 months—down by seven percentage points…
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14 MayNews
Today’s news in brief – 14/05/24
Marstons reported a £0.8m underlying loss before tax during H1. However, the group’s revenues increased 5.2% to £428.1m, with good momentum across food and drink sales. The pub group also recorded a 22% increase in underlying pub operating profit to £52.7m, with profit margin increasing from 10.6% to 12.3%. Various…
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14 MayCafes and Coffee Shops
Greggs sales rise 7.4% to £693m in Q1
Greggs has reported that like-for-like sales rose 7.4% to £693m during the first 19 weeks of 2024, as it remains on track to open between 140 and 160 stores for the full year. The group also progressed its strategic growth plan, with delivery sales, evening trade and increased participation in…
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10 MayTrade Associations
Over 70% of venues to invest in refurbs despite rising costs
Some 71% of hospitality operators are set to invest in venue refurbishments in the next year, a new survey from trade organisations has revealed. Despite cost pressures, 95% of operators are planning to invest in customer service, 92% in staff training, all up significantly on last quarter. The survey was…
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10 MayPubs and Bars
Pubs sales up 16.8% in wake of bank holiday weekend
Transactions at pubs, bars and clubs reached a 2024-high on Saturday 4 May, as the sunny weather and bank holiday weekend encouraged Brits to make a trip to their local area, according to Barclays Consumer Spend data. Transactions were up 16.8% in comparison to the previous Saturday, and 2.5x as…
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