Oakman Inns has reported that like-for-like sales increased by 4.8% for the 13 weeks to 30 June 2019.
Total sales were almost £10.8m for the period, which the business said represented 28.8% growth on the same period last year.
Oakman opened one new pub during the quarter – The Polecat in Prestwood, and reopened The Beech House in Beaconsfield following a refurbishment and extension that doubled the size of the property.
Its flagship site, The Royal Foresters in Ascot, achieved sales exceeding £1m over the period.
Peter Borg-Neal, chief executive and founder of Oakman, said: “We are extremely pleased with this performance, in a period where we have been rolling over some tough comparables. Our moving annual sales total has now passed through the £40m mark, and we are in good shape, going into our new financial year.”
Oakman recently made two senior appointments: Steve Kenee joined from Downing as chief investment officer, and Dermot King as chief operating officer.
Borg-Neal added: “We are enjoying a real sense of momentum in the business. The energy and new ideas that our new colleagues are bringing to the business will ensure that we continue to evolve and improve.
“Additionally, several key operational initiatives are beginning to bear fruit. For example, our ‘Project Esposito’ initiative has raised the quality of our authentic Neapolitan pizzas to the highest level and is ensuring that we can maintain and grow our reputation in a competitive marketplace, and also dominate the catchment areas where we are present.
Speaking at MCA’s Pub Conference 2019 last week, Borg-Neal said he was looking to take the business from £40m to £100m turnover, and had another four pub openings currently in the pipeline. These openings will kick off with The Lost Boy in Farnham in September, following by Rose Revived in Wokingham and Grand Junction in Buckingham next spring.