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Oakman Inns reports like-for-like sales growth of 4.8%

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Oakman Inns reports like-for-like sales growth of 4.8%

Oakman Inns has reported strong like-for-like sales growth of 4.8% in the 13 weeks to 30 June 2019.

Total sales for the period hit £10.8m, an increase of 28.8% on the previous year.

CEO and founder, Peter Borg-Neal, said: “We are extremely pleased with this performance, in a period where we have been rolling over some tough comparables. Our moving annual sales total has now passed through the £40m mark, and we are in good shape, going into our new financial year.”

The period saw Oakman Inns open one pub and relaunched another following refurbishment.

The group has also announced a number of appointments to its leadership team to support future growth including chief investment officer Steve Kenee, whose appointment followed that of chief operating officer Dermot King.

Borg-Neal added: “In April the Alix Partners Growth Index identified Oakman Inns as the fastest growing pub company in the UK – and the third fastest growing across the whole of the sector. That acknowledgement of our growth is borne out by our development, over the past 18 months, with six new sites supporting superb sales growth across the core estate. Furthermore, we expect to open four more sites in the coming twelve months led by the opening of The Lost Boy in Farnham in September.”

Cateys 2018: Pub and Bar Award – Peter Borg-Neal>>

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