
Trading update
We released our latest trading statement this morning. We’ve grown sales across our pub and beer businesses, and we’ve made good progress on reducing our debt.
We released our latest trading statement this morning. We’ve grown sales across our pub and beer businesses, and we’ve made good progress on reducing our debt.
Overall, we’ve achieved sales growth over the last 42 weeks. This is despite weaker sales in the last 16 weeks, reflecting strong trading in the same period last year with the World Cup and an unusually hot summer. Here are the other highlights from today’s trading update:
CEO Ralph said: “We’ve achieved modest growth during the 42 weeks, continuing the long-term positive like-for-like sales trend despite May and June being hampered by relatively poor weather.
“Having made good progress with our cash generation and debt reduction plans, we’ve decided to accelerate our efforts and defer our remaining new-build plans to reallocate £20-30 million of the £70 million new-build capex and drive higher returns from our existing estate.”
Read the full statement: http://www.marstons.co.uk/investors/results-presentations/