British pub group Marston's reduces debt, outperforms broader market
09/10/2024 07:20
Oct 9 (Reuters) - British pub group Marston's MARS.L
forecast a significant reduction in its net debt on Wednesday,
and said its annual like-for-like sales growth outperformed the
broader market, driven by resilient demand for its drinks and
pub grub.
The British pub group expects its net debt, excluding
IFRS 16 lease liabilities for fiscal 2024, to stand at nearly
885 million pounds ($1.16 billion), down from the 1.16 billion
pounds reported at the end of the first half of the year.
($1 = 0.7644 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Sherry
Jacob-Phillips)
((Yamini.Kalia@thomsonreuters.com;))