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Marston's reports encouraging year-to-date trading

24 January 2017 07:46

Marston's says its performance in the financial year to date has been encouraging, including good trading over the Christmas and New Year period despite tough comparatives.

"Since it is still early in the financial year our expectations for the full year are unchanged. We will announce our Interim Results for the 26 weeks to 1 April 2017 on 17 May 2017," the pub operator and independent brewer said.

In Destination and Premium, like-for-like sales were 1.5% ahead of last year including like-for-like food sales growth of 0.6%, wet like-for-like sales growth of 1.4% and strong growth in room income.

"Importantly, operating margins are in line with last year. Our plans to open at least 20 new pub-restaurants and bars and five lodges in the current financial year are on track," said Marston's in a statement.

In Taverns, managed and franchise pub like-for-like sales were 1.5% ahead of last year. In Leased, profits are estimated to be about 2% ahead of last year.

In Brewing, Marston's strong brand portfolio had performed well with own-brewed volume up 3% in the year to date and operating margins slightly ahead of last year.

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Related Company: MARS

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