Euro 2016 and Brexit makes no impact on Marston's
Marston's has reported like-for-like sales up 2.5% on last year, with Euro 2016 not significantly impacting sales and no sign of a loss of consumer confidence as a result of the Brexit vote.
In the 42 weeks to 23 July 2016 like-for-like food sales were up 2.1% with drink sales growing 2.6%.
In the most recent 16 weeks, like-for-like sales were up 1.8%, despite the group fearing a negative impact from Euro 2016 on its food led pubs.
Marston's said that it was on course to open 22 pub restaurants in the financial year, as well as six lodges, taking its total estate over 1,500.
Euro 2016 contributed to an improved performance in Taverns, with like-for-like sales up 2.8% in the 42 week period. Meanwhile profits from leased pubs were up 2% on the same period in 2015.
Chief executive Ralph Findlay said: "As expected, Euro 2016 was broadly neutral for the group as a whole and we have continued to maintain our market outperformance by focusing on offering our customers great experiences and value in modern pubs and bars.
"Although much has been written about the potential effect of Brexit on consumer confidence, we have not seen any discernible impact on trading to date."
