Marston's PLC AGM And Trading Statement (1692D)
January 27 2015 - 2:01AM
UK Regulatory
TIDMMARS
RNS Number : 1692D
Marston's PLC
27 January 2015
27 January 2015
MARSTON'S PLC
AGM AND TRADING STATEMENT
Marston's issues the following Trading Statement for the 16 week
period to 24 January 2015 in advance of the Company's Annual
General Meeting to be held at noon today.
Trading
Our performance in the financial year to date has been
encouraging, including good trading over the Christmas and New Year
period. Profitability is in line with our expectations.
In Destination and Premium, like-for-like sales were 2.0% ahead
of last year with both food and drink like-for-like sales growth of
2.0%. In the key two week Christmas trading period to 4 January
trading was particularly strong with growth of 4.8%, including
12.5% growth on Christmas Day. Operating margins are ahead of last
year and our plans to open at least 25 new-pub restaurants in the
current financial year are on track, with eight openings expected
in the first half.
In Taverns, managed and franchise pub like-for-like sales were
2.0% ahead of last year, with 2.7% growth over the Christmas
fortnight and 5.8% growth on Christmas Day. Our franchise model
continues to prove successful, providing motivated licensees with
local flexibility and reduced risk while improving the quality,
consistency and value of the consumer offer.
In Leased, profits were around 1% ahead of last year.
In Brewing, performance has been strong with Group Ale volumes
up 4% in the year to date, underpinned by a very strong performance
in the off-trade, with volumes up 8%. Hobgoblin, our biggest brand,
continues to perform well, with volumes up 10% in the year to
date.
We will announce our Interim Results for the 26 weeks to 4 April
2015 on 14(th) May 2015.
Commenting, Ralph Findlay, Chief Executive, said:
"We have again traded well over the Christmas period, with good
sales growth over the key Christmas fortnight for the third year in
succession, including serving a record 60,000 meals on Christmas
Day. This performance demonstrates that our customers remain
attracted to the consistency and value for money we offer,
underpinned by excellent service in a high quality environment. In
addition, our Beer business continues to perform well, with a
particularly strong performance in the off-trade. We remain
confident of achieving our expectations for the full year."
ENQUIRIES:
Marston's PLC Tel: 01902 Instinctif Partners Tel:
329516 020 7457 2020
Ralph Findlay, Chief Executive Justine Warren
Officer Matthew Smallwood
Andrew Andrea, Chief Financial
Officer
NOTES TO EDITORS
-- Marston's is a leading pub operator and independent
brewer.
-- It has an estate of around 1,700 pubs situated
nationally, comprising managed, franchised and
leased pubs.
-- It is the UK's leading brewer of premium cask
and bottled ales, including Marston's Pedigree
and Hobgoblin. The beer portfolio also includes
Banks's, Jennings, Wychwood, Ringwood, Brakspear
and Mansfield beers.
-- Marston's employs around 13,000 people.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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