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IN BRIEF: Young & Co's Brewery year-to-date revenue rises

6th Jul 2023 11:03

Young & Co's Brewery PLC - London-based pub chain - Says revenue is up 8.3% in the first 13 weeks of 2023 against 2022. It is up 6.8% on a like-for-like basis. Says the key driver behind performance is "continued investment in improving and growing its premium estate". Looking ahead, says it is optimistic for the year ahead. "We will continue to invest in the future growth of the business, sticking to our strategy of running premium, differentiated and well-invested pubs and rooms. The strength of our balance sheet leaves us well-placed to make further investments and continue to generate good returns for shareholders over the long term," Chair Stephen Goodyear says.

Current stock price: 1,215.00 pence each, up 1.3% on Thursday morning in London

12-month change: up 5.3%

By Xindi Wei, Alliance News reporter

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