Marston's reports encouraging trading, despite difficult environment

05 October 2011 by
Marston's reports encouraging trading, despite difficult environment

Pub company Marston's has reported encouraging trading for its full financial year, despite a difficult environment, and plans to open 25 new pub-restaurants this year.

The group, which runs more than 2,150 pubs across the UK, said like-for-like sales for the year ended 1 October rose on strong demand for pub meals, which now account for 42% of total sales. It reported an increase in like-for-like sales in its managed pubs division of 2.9% from last year, with food sales up 5% and wet sales up 1.8%.

Marston's said earnings before tax and exceptional items were in line with its expectations, with improvement in all trading divisions.

In its beer company, its own-brewed beer volumes rose 2% from last year, outperforming the ale market, which was down 6%.

Like-for-like sales for the 10 weeks to 1 October 2011 were up 2.9%, including a 2% rise in food sales.

At Marston's Pub Company, the group's tenanted and leased pubs division, like-for-like profits are estimated to be 0.6% ahead of last year.

Chief executive Ralph Findlay said, "We have been very encouraged by the performance of all areas of our business this year. The objectives of our clearly defined strategy are sustainable growth, higher investment returns, and reduced gearing."

Tax reduction on lower strength beers comes into force >>

Marston's reports ‘encouraging' performance for 2010/2011 >>

Caterer and Hotelkeeper 100: Ralph Findlay, Marston's >>

By Kerstin Kühn

E-mail your comments to Kerstin Kühn here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to jobs

Looking for a new job? Find your next job here with jobs

Blogs on ]( Catch up with more news and gossip on all Caterer's blogs
[E-newsletters]([ For the latest hospitality news, sign up for our E-newsletters
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking