Marston's making 'good process' according to update

Claire Dodd

Claire Dodd

14 October 2015

Brewer and pub operator Martson's has said it has made 'good progress' during its trading update for the year ending October 3.

Like-for-like sales at its Destination and Premium pubs are 1.8% ahead of last year, with food sales growth of 1.7% and wet like-for-like sales growth also at 1.7%. However, in the last 11 weeks of the period like-for-like sales grew to 2.2%, possibly as a result of the Rugby World Cup.

The company opened 25 new pub-restaurants during the year, with plans to open at least 20 destination pub-restaurants, two Revere sites and five Lodges during the 2016 financial year.

In Taverns, like-for-like sales were 2% ahead of last year, with growth of 3.1% in the last 11 weeks. While in its leased pub division, like-for-like profits are estimated to be up 4% compared to last year.

Own brand beer volumes were up 5% compared to last year, however including the purchased Thwaites business, own-brewed volumes were up 15%. The strongest performance was in premium ales and the off-trade.

Commenting, Ralph Findlay, chief executive officer said: 'The Group has made good progress in the last year, with underlying growth in all of the business segments.

'Our new pub-restaurants, premium pubs and lodges have all performed well and we have good visibility over the site pipeline to underpin our future growth. In addition, we have substantially completed our disposal programme of smaller wet-led pubs. These actions, together with the success of franchise, have significantly transformed our pub business over the last three years.

'In brewing, the integration of the Thwaites' brewing business has gone well, and we are well placed to continue to exploit the market growth in premium and craft beers and ongoing growth in the off-trade.'

The company's preliminary results will be announced on November 26.

 

 

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