Young's set to report strong spring sales

09 July 2013 by
Young's set to report strong spring sales

London-based brewer and pub operator Young & Co is set to report a strong start to its financial year and announce the acquisition of three freehold pubs in London.

At today's annual general meeting, chairman Nick Bryan will tell shareholders that managed house sales for the first 13 weeks are up 10.7% compared with the same three months last year, and up 6.8% on a like-for-like basis.

In May Young & Co reported an exceptional year to April 2013, with revenue up to £193.6m and pre-tax profit at £24.1m. It has now taken that momentum into this financial year.

Bryan said: "I am also pleased to report that within the last fortnight we have acquired three further freehold pubs within our London heartland.

"Our well located and invested estate together with our premium positioning as regards both product and service standards have enabled us to make strong progress against last year. Although remaining realistic about the economic outlook and consumer confidence, our recent performance demonstrates our ability to meet challenges that emerge and we are confident about our future prospects."

Young's hails ‘exceptional year' as turnover and profits rise >>

Meantime launches ‘brewery' fresh beer concept with Young's >>

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