Marston’s has reported positive sales growth across all divisions for the 42 weeks to 23 July.
The group recorded a 1.8% like-for-like sales increase in the most recent 16 weeks across its Destination & Premium managed arm despite the anticipated adverse impact of Euro 2016 on its predominantly food-led pubs. For the year to date the division was 2.5% ahead of last year, including like-for-like food sales growth of 2.1% and like-for-like wet sales growth of 2.6%.
In Taverns, like-for-like sales for the 42 week period were 2.8% ahead of last year, with growth of 2.5% in the last 16 weeks of the period. Marston’s said Euro 2016 had contributed to this continuing strong performance and helped to offset mixed weather.
In Leased, profits for the 42 week period are estimated to be 2% ahead of last year. The group reiterated its stance that the pubs code will not have a material impact on the leased estate.
Marston’s remains on track to meet its growth targets for 22 pub restaurants and bars in the current financial year in addition to six lodges.
In Brewing, own-brewed beer volumes were up around 14% compared to last year.
Chief executive Ralph Findlay said: “We continue to be encouraged by our performance. As expected, Euro 2016 was broadly neutral for the group as a whole and we have continued to maintain our market outperformance by focusing on offering our customers great experiences and value in modern pubs and bars. In Brewing, we are growing in an attractive market, demonstrating the effectiveness of our new product development and the appeal of our brand portfolio, underpinned by industry-leading service.
“Although much has been written about the potential effect of Brexit on consumer confidence, we have not seen any discernible impact on trading to date. We believe that our focus on value and affordable treats is appropriate for current market conditions, and while we remain ever mindful of the risks to long term business confidence, it continues to be our intention to develop and implement our proven growth strategy.”