Food fuels 1.4% rise in like-for-like interim sales at Marston's

07 April 2010 by
Food fuels 1.4% rise in like-for-like interim sales at Marston's

Like-for-like sales in Marston's managed pubs division have risen 1.4% for the half year to 3 April.

In a trading update this morning, the firm said that its performance was ‘in line with expectations'. Like-for-like food sales in the division grew 2.5%, while like-for-like wet sales were up 0.5%.

Meanwhile the company said that the underlying profit trend in its tenanted and leased division continued to improve. Like-for-like profits are currently estimated to be down 4.6%, compared to a 4.9% declined reported in its January AGM statement.

The firm's brewing arm, Marston's Beer Company, saw overall ale volumes remain ‘in line with last year' but premium ale volumes increased 4%.

It also indicated that it was still on track to build 15 food-led managed pubs in this financial year. It has already opened six sites in Aylesbury, Caterham, Daventry, Ashbourne, Sittingbourne and Newark.

Pubs are back on investors' radar, claims analyst >>
Optimism rises among hospitality and food bosses >>

Big freeze puts the chill on Marston's sales >>

By Neil Gerrard

E-mail your comments to Neil Gerrard 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 www.caterersearch.com/tabletalk

Caterersearch.com jobs
Looking for a new job? Find your next pub job here with Caterersearch.com jobs

Blogs on Caterersearch.com](http://www.caterersearch.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[Newsletters For the latest hospitality news, sign up for our e-mail 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.

close

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