REG - Marston's Plc - Trading for the 16-week period to 20 January 2024

Marston'sAnnouncement

23/01/2024 07:00

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RNS Number : 5272A  Marston's PLC  23 January 2024

           23 January 2024

 

MARSTON'S PLC

('Marston's' or 'the Group')

 

 

Strong Christmas trading has driven LFL sales growth in the year to date of
+8.1%

 

Marston's PLC issues the following update for the 16-week period to 20 January
2024 ahead of the Annual General Meeting to be held at 10am today.

All sales comparisons are compared to the same period in FY2023.

Total retail sales in the Group's managed and franchised pubs for the 16-week
period were +8.8% on last year. Both drink sales and food sales have been
strong, demonstrating the resilience and appeal of our predominantly suburban
pubs.

Like-for-like sales for the 16-week period to 20 January 2024 were +8.1%,
reflecting strong trading over the festive period.  Like-for-like sales in
the first nine weeks of the 16-week period to 2 December 2023 were +7.4% as
previously reported, with positive trading momentum continuing into the
festive period. In the following seven weeks, like-for-like sales were +8.4%.

For the key festive days (Christmas Eve, Christmas Day, Boxing Day, New Year's
Eve), like-for-like sales were up +9.6%.

Justin Platt, CEO of Marston's, commented:

"I am pleased to report a strong trading performance with like-for-likes up
8.4% over the festive period.  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."

"I am delighted to have joined Marston's and am excited about the opportunity
ahead. This is a great business and, whilst still early days, I've been
impressed by the dedication, talent and expertise of the team.  I look
forward to getting to know both the team, and the business, better over the
weeks and months ahead and working together to build on the trading momentum
to maximise the Group's future potential."

Forthcoming Events

Please find below the forthcoming reporting dates for Marston's, which are
also available on the investor calendar on our website -
www.marstonspubs.co.uk/investors (http://www.marstonspubs.co.uk/investors)

 2024 Interim results  14 May 2024

 

ENQUIRIES:

 Marston's PLC            Tel: 01902 329516                                  Instinctif Partners         Tel: 020 7457 2010/2005
 Justin Platt, Chief Executive Officer                                       Justine Warren
 Hayleigh Lupino, Chief Financial Officer                                    Matthew Smallwood

                                                                             Joe Quinlan

 

NOTES TO EDITORS:

·      Marston's is a leading pub operator with a 40% holding in
Carlsberg Marston's Brewing Company

·      It operates an estate of 1,408 pubs situated nationally,
comprising managed, franchised and leased pubs

·      Marston's employs around 11,000 people

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