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Restaurant Industry News
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Wednesday January 7th, 2009 |
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Top Chains Represent Over One-Third of U.K. Commercial Restaurant Sales
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Foodservice industry consultant Technomic reports that in 2007, sales of the Leading 100 chain restaurants in the U.K. totaled £10.4 billion, representing 35 percent of all sales by British commercial restaurants. Leading 100 chain sales comprised nearly one-fourth of total U.K. foodservice sales of £43 billion in 2007. |
The new 2008 Technomic Leading 100 U.K. Chains Restaurant Report identifies the largest U.K. chain restaurants and analyzes the top performers within the limited-service and full-service segments. It also examines current trends impacting the U.K. restaurant market and compares the restaurant market in the U.K. to those in the U.S. and Canada.
Select findings include:
• The limited-service restaurant segment comprised the majority (60.9 percent or £6.4 billion) of the Leading 100 chain restaurant sales in 2007. Even though there are a much larger number of full-service chains (68 compared to 32 limited-service) within the chain ranking, the significantly greater number of limited-service units (69.3 percent) compared to full-service restaurant units (30.7 percent) contributed to greater sales among limited-service chains.
• Hamburger is the largest menu category in limited-service restaurants, with 2007 sales of £2.5 billion. Bar and Grill dominates the extremely diverse full-service segment with sales of £935 million. Other full-service menu categories include Italian/Pizza, Traditional, Asian, French, Spanish, Carvery, Nightclub, Seafood, Steak, Indian, Latin, Mediterranean and Mexican.
• The U.K. restaurant landscape is considerably different in segment sales composition than the U.S. and Canada. The limited-service segment represents a smaller portion of sales and units in the U.K. (60.9 percent of sales, 69.3 percent of units) than in the U.S. (74 percent of sales, 88 percent of units) or in Canada (71.2 percent of sales, 85.7% of units).
• Key factors continuing to influence the U.K. restaurant market are the negative economic effects of the credit crunch, higher food and energy prices, and increasing consumer demands for better service, value and food quality.
'While the U.K. restaurant industry continues to shift and change, the British consumer is more demanding and discerning than ever,' says Darren Tristano, Executive Vice President of Technomic. 'Value, service and cleanliness are always going to impact customers' preferences, but restaurant chains are going to have to push the envelope further to keep their loyal customers and bring new customers through the door.'
The 2008 Technomic Leading 100 U.K. Chains Restaurant Report was designed to help restaurant operators and foodservice manufacturers keep abreast of competition, develop sales and marketing strategies, identify growth opportunities and monitor segment and menu category performance. Together with Lanbury Associates, Technomic estimated U.K. sales and unit data for many of the chains using their combined years of foodservice industry knowledge and expertise. Public financial records were used when available.
To purchase or learn more about the 2008 Technomic Leading 100 U.K. Chains Restaurant Report, please visit www.foodpubs.com.
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