Marston's sales continue to grow despite poor weather

25 July 2012 by
Marston's sales continue to grow despite poor weather

Pub firm Marston's has managed to keep growing its like-for-like sales in the 10 weeks since 10 May, despite the recent poor weather.

Like-for-like sales in its managed pubs were up by 1.6% compared with the same period a year before, while operating profit was "slightly above" last year.

Over the 42 weeks to 21 July, the company's sales were ahead by 2.2%, including like-for-like food sales growth of 2.4% and like-for-like wet sales growth of 2.1%.

Meanwhile, Marston's said its operating profit in its tenanted and franchised pubs was estimated to be 3.2% ahead of last year.

In brewing, it increased market share with own-brewed beer volumes by around 2% compared with last year.

Chief executive Ralph Findlay said: "Our performance to date demonstrates that our focus on offering great value for money underpinned by high service levels remains attractive to our customers, despite the wider economic challenges. In recent weeks we have achieved sales growth despite the poor weather, helped by key trading events including the Jubilee weekend, Euro 2012 and Father's Day. By the end of this financial year we will have built around 60 new pub-restaurants in three years, and we have a clear site pipeline for future development."

By Neil Gerrard

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