Marston's Plc, the UK-based operator of pubs and hotels, reported a 3.8% increase in like-for-like sales over the 13 weeks ending September 28, 2024. This rise was significantly driven by robust food sales, an encouraging sign as the festive season approaches.
For the 52 weeks concluding on the same date, total retail sales from the company's managed and franchised pubs, excluding any disposals, rose by 5.8% compared to the previous year. This included a 4.8% increase in like-for-like sales, which notably outperformed the wider market.
The company maintains a positive outlook on its trading performance and growth trajectory. This optimism is supported by a strong emphasis on cost efficiency, fueling management's confidence in achieving expected profitability for its pubs in fiscal year 2024. Market expectations for the underlying profit before tax, excluding contributions from CMBC, are projected at £40.5 million.
