The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Punch Taverns report slow sales

08 September 2005

Sales at pub giant Punch Taverns slowed in the year to 20 August.

Like-for-like growth at the 8,000-plus strong estate was 2.5% in the year compared with 2.9% in the previous year.

This did not include figures at the former Pubmaster estate or Innspired, where trading was described as positive.

Following the August acquisition of Avebury Taverns and the sale of 45 pubs to Admiral Taverns, the company currently owns 8,182 pubs.

Punch increased its capital expenditure programme and invested in 936 pubs during the year, nearly half of which (45%) were from Pubmaster.

Chief executive Giles Thorley said: "We are confident that these activities will continue to show benefit into the forthcoming year."

Punch said 20% of the estate had now been granted new licences and it remained confident that all would have them before the start of the new regime in England and Wales in November.

Buy this week's Caterer magazine for more industry news and analysis

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