The Upham Group has reported overall sales in the first quarter up 6.8% to £3.3m but down 0.8% on a like-for-like basis.
The overall sales boost for the 16-strong group was largely due to the inclusion of a full period of trading of the Weighbridge Brewhouse (purchased on 10 February 2017), the company said. The like-for-like slump was blamed on bad weather and significant trading disruption at a number of sites from development projects undertaken in the seasonal quieter trading period
Upham recorded EBITDA of £36,000 for the quarter, compared to a loss of £16,000 in the same period last year.
Chief executive Chris Phillips said: “The sector as a whole has experienced a challenging start to the year, and I am delighted that, despite this, we are able to report that overall sales for the quarter were up from the same period last year. Our principal focus for 2018 is to ensure that we continue to maximise operational efficiencies and sustainable profits growth in both the pub estate and the brewery, while delivering the outstanding beer, food, accommodation and service that our customers have come to expect from us. We enjoyed a brilliant Royal Wedding weekend across our estate and look forward to a successful – and hopefully sunny - summer season.”