Marston’s sees ‘positive growth’ across all divisions

Marston's chief executive officer Ralph Findlay
26/07/2017 - 10:38
Marston’s PLC latest trading update revealed that the company experienced positive like-for-like results across all three of its divisions in the 42 weeks to 22 July 2017.

In destination and premium, like-for-like sales for the period were 1.3% ahead of last year, taverns sales were up 1.9% and profits in leased pubs were estimated to be 2% ahead for the period.

In results from the most recent 12 weeks, taverns led the way with a growth of 2.4% while destination and premium like-for-like sales were up 0.6%.

In brewing, Marston’s own-brewed beer volumes were up around 4% compared to last year, which has been put down in part to the company’s acquisition of Charles Wells brewing and beer business.

Marston’s chief executive officer, Ralph Findlay, says the company remains on track to meet growth targets for 23 new pub-restaurants and bars in the current financial year, in addition to eight lodges.

Findlay said: “We remain encouraged by our continued market outperformance and focused on delivering sustainable growth and maximising return on capital in an evolving market place.

“Our transformed pub estate continues to deliver positive like-for-like growth across all three divisions. We benefit from an operating structure which spans food-led destination and wet-let community pubs, accommodation and brewing, maintaining a good balance within our brand portfolio and broad consumer appeal.”

Pub operator Marston’s has an estate of around 1,550 managed, franchised and leased pubs across the UK.

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