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Weather boosts Spirit's summer quarter sales

05 | 09 | 13

Spirit Pub Company has reported strong sales in the fourth quarter of its financial year as a result of the summer sunshine.

This should not come as a surprise but it may reassure those in the commercial restaurant equipment industry that many of these places receive a boom in the summer. With profits at their highest, this may arguably be the time when existing businesses have money to invest and plough back into their operations.

The company - which operates more than 800 pubs under brands such as Flaming Grill and Taylor Walker - reported year-on-year comparisons for the three months up to August 17th as a rise of 4.1 per cent.

Food grew ahead of drinks, with 4.7 per cent increase in sales for food compared to just a 2.8 per cent improvement for drinks.

Compared to the year-on-year figures for the 52 week period, the summer months were significantly higher in areas. Year long data shows food sales up by 2.8 per cent - almost two percentage points less than the summer quarter - while drinks actually went down to -0.6 per cent.

In light of the growth, the company has decided to reorganise some of its current restaurants. It stated: "The quality of the leased estate was further enhanced in the final quarter as we completed another 45 investment schemes and disposed of an additional 14 pubs which had been identified as having limited future potential."

Only removing 14 businesses out of over 800 still offers a healthy figure, but it also introduces 14 potential eateries back into the market.

It did not report which locations were being discontinued, or how individual chains were influenced by the weather.

This is not the first time that Spirit has said its results are directly related to the seasonal weather, either. During the eight week period to March, it blamed a 1.1 per cent decline in sales on winter conditions.

In April it announced hopes for stronger sales after the strong winds and poor weather at the beginning of the year. The results seen now go someway to confirm the success of these aims.ADNFCR-16001031-ID-801633926-ADNFCR


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