21st Jan 2025 11:06
Marston's PLC - Wolverhampton, England-based based operator of 1,334 pubs across UK - Expects to meet market expectations for GBP68.3 million in underlying pretax profit for financial 2025, which runs to the end of September, after a "particularly strong key festive trading period". This would be up 62% from GBP42.1 million in financial 2024. In the 16 weeks that ended on Saturday, total retail sales in managed and partnership pubs was up 3.0% on year, driven by both food and drink sales, Marston's says. Within this, like-for-like sales were up 2.0%, as the core Christmas period offset poor weather in November and January. In the two weeks from December 22 to January 4, LFL sales were up 11% on year, including "record" sales on Christmas Day itself. Marston's will publish its half-year results on May 13.
Current stock price: 41.00 pence, down 3.1% in London on Tuesday
12-month change: up 23%
By Tom Waite, Alliance News editor
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