Eating Out Review - UK - July 2007

Table of Contents

• Issues in the Market
• Main issues
• Definition
• Abbreviations
• Market in Brief
• No loss of appetite
• No lack of temptation
• Moving upmarket or belt-tightening?
• Moving away from ' chain' restaurants...
• ...and towards more interesting casual dining experiences
• Food fashions and regulation will guide the future
• Internal Market Environment
• Key points
• Legislation is the headache
• Expanding sectors
• Breakfast catering
  • Figure 1: Frequency of eating breakfast out of the home, March 2007
• Vending
  • Figure 2: Items bought from a vending machine, 2005 and 2007
• Broader Market Environment
• Key points
• PDI and consumer expenditure
  • Figure 3: Trends in personal disposable income and consumer expenditure, 2002-12
• Catering to an ageing population
  • Figure 4: Trends in the age structure of the UK population, by gender, 2002-12
• Rising ABs bode well for the market
  • Figure 5: Forecast adult population trends, by socio-economic group, 2002-12
• Food and tourism
• Competitive Context
• Key points
• Eating out in the leisure context
  • Figure 6: Consumer expenditure on selected leisure goods and activities, 2002-06
• Strengths and Weaknesses in the Market
• Strengths
• Weaknesses
• Market Size and Forecast
• Key points
  • Figure 7: The UK market for eating out*, 2002-12
• Growth rates may wobble but the underlying factors remain very positive
• Today' s consumer concerns as a market influence
• Caterers in a quandary
• Future foodies: over to you, Gordon
• Factors used in the forecast
• Segment Performance
• Key points
• Segment market size
  • Figure 8: The UK eating out market*, by segment, 2002-07
• Segment forecast
  • Figure 9: The UK eating out market, by segment, at current prices, 2007-12
  • Figure 10: The UK eating out market*, by segment, at constant prices, 2007-12
• Pub catering
• Hotel catering
• Restaurant meals
• Ethnic sit-down
• In-store catering
• Roadside catering
• Fast food
• Burger restaurants
• Ethnic takeaway
• Pizza and pasta
• Fish and chips
• Fried chicken
• Other fast food
• Other eating out operators
• Cafés, coffee shops and other cateringCompanies and Products
• The chain builders
• Gondola Holdings (PizzaExpress, ASK, Zizzi)
• Background
• Current strategy
• Financials
  • Figure 11: Key financial data for Gondola Holdings plc, 2005 and 2006
• McDonald' s Restaurants
• Background
• Current strategy
• Financials
  • Figure 12: Key financial data for UK McDonald' s Restaurants Ltd, 2003-05
• Mitchells & Butlers plc (Harvester, Toby, All Bar One, Sizzling Pub etc)
• Background
• Current strategy
• Financials
  • Figure 13: Key financial data for Mitchells & Butlers plc, 2003-06
• The Restaurant Group (Frankie & Benny' s, Garfunkels, Chiquitos)
• Background
• Current strategy
• Financials
  • Figure 14: Key financial data for The Restaurant Group plc, 2004-06
• Whitbread Group plc (Brewers Fayre, Beefeater, Costa Coffee)
• Background
• Current strategy
• Financials
• Yum! Brands Inc (Pizza Hut, KFC)
• Background
• Current Strategy
• Financials
  • Figure 15: Key financial data for Pizza Hut (UK) Ltd, 2003-05
  • Figure 16: Key financial data for KFC (Great Britain) Ltd, 2003-05
• Icons and innovators
• Caprice Holdings
• Clapham House Group
• Conran Restaurants Ltd
• Hard Rock Café
• La TascaLittle Chef
• Loch Fyne
• Moto
• Nando' s Chickenland
• Paramount
• Select Service Partner
• Starbucks
• Tragus Holdings
• Wagamama
• YO! Sushi
• The Consumer -- Where Do People Eat?
• Key points
• Steady demand for most types of restaurants
  • Figure 17: Eating out venues visited, 2005 and 2007
• Only the old, poor and single don' t eat out regularly
  • Figure 18: Most popular eating out venues visited, by detailed demographics, March 2007
  • Figure 19: Next most popular eating out venues visited, by detailed demographics, March 2007
• A la carte: choosing from a restaurant repertoire
  • Figure 20: Eating out venues visited, by eating out venues visited, March 2007
  • Figure 21: Other eating out venues visited, by eating out venues visited, March 2007
• The Consumer -- How Often Do They Eat Out?
• Key points
• Frequency of eating out
  • Figure 22: Frequency of eating out, March 2007
• Pubs building on their loyalty from regular drinkers
  • Figure 23: Frequency of eating out, by venues visited, March 2007
• Restaurant repertoire by restaurant used
  • Figure 24: The number of restaurant types visited, March 2007
• Frequency of eating out -- detailed demographics
  • Figure 25: Frequency of eating out, by detailed demographics, March 2007