Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Marston's reports solid holiday sales growth

(Sharecast News) - Pub operator Marston's said in an update on Tuesday that total retail sales in both its managed and franchised pubs rose 8.8% year-on-year in the 16 weeks to 20 January. The London-listed company, which was holding its annual general meeting, attributed the growth to robust sales in both the beverage and food categories.

Like-for-like sales for the period showed an increase of 8.1%, with the positive trend sustained throughout the festive season, as like-for-like sales in the nine weeks ended 2 December showed an increase of 7.4%.

That momentum continued into the following seven weeks, with like-for-like sales soaring to 8.4%.

Marston's said it enjoyed particularly strong sales on the key festive days, including Christmas Eve, Christmas Day, Boxing Day and New Year's Eve, where like-for-like sales jumped 9.6% on the year.

"I am pleased to report a strong trading performance with like-for-likes up 8.4% over the festive period," said chief executive officer Justin Platt.

"It has been an encouraging start to the year.

"This, together with an improving outlook in which inflationary headwinds are broadly abating, and the actions we are taking to operate more efficiently and rebuild margins, position Marston's well for the year ahead."

Reporting by Josh White for

Share this article

Related Sharecast Articles

Tesla lays off 285 workers in Buffalo as job cuts continue
(Sharecast News) - Electric carmaker Tesla is to lay off 14% of its staff across two plants in New York, the company said in a regulatory filing on Thursday, following large-scale job cuts announced earlier in the week.
Blackstone first-quarter earnings narrowly beat forecasts
(Sharecast News) - Blackstone, the world's largest private equity firm, reported marginally better than expected first-quarter earnings on Thursday.
TSMC forecasts jump in second-quarter sales
(Sharecast News) - Taiwan Semiconductor Manufacturing Co said on Thursday it expects sales to jump in the second quarter on strong demand.
Empire Metals completes third phase of drilling at Pitfield
(Sharecast News) - Empire Metals announced the successful conclusion of its third phase of reverse circulation (RC) drilling at the Pitfield Project in Western Australia on Thursday.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.