Marston Group secures slim growth in midst of expansion scheme

Monday  06  October  2014

Pictured:
Re: General Views of the Lost Coin, Haverfordwest

Pub operator and brewer Marston’s has recorded a sales increase for its last quarter while the company looks to open the doors of “at least” 20 new venues.

In the most recent 12 weeks of the period, like-for-like sales were up 0.6% which continues to be ahead of the market while Destination and Premium sales for the 42 week period were 1.3% ahead of last year.

In Taverns, like-for-like sales were 2.4% ahead of last year in the last 12 weeks of the period, principally reflecting the benefits of the warm weather in June.

Ralph Findlay, chief executive officer, said: “Our transformed pub estate continues to deliver positive like for like growth across all three divisions. We benefit from an operating structure which spans food-led destination and wet-let community pubs, accommodation and brewing, maintaining a good balance within our brand portfolio and broad consumer appeal.

The sales boost comes after Marston’s PLC agreed to a new bank facility to replace the £257.5m existing facility which was due to expire in November 2018.

Alongside its Q3 announcement the company stated it is on track to meet its target of opening 23 new sites in 2017.

“The Charles Wells brewing and beer business is bedding in well, further underpinning our leadership in the UK ale market. We are on track to complete our new-build and lodge expansion plans. We remain confident of delivering further profitable progress for the full financial year.”

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