REG - Marston's Plc - Trading Update for the 16 weeks to 18 January 2025

Marston'sAnnouncement

21/01/2025 07:00

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RNS Number : 0067U  Marston's PLC  21 January 2025

21 January 2025

 

 

MARSTON'S PLC

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

 

Trading Update for the 16 weeks to 18 January 2025

 

Strong growth over key festive trading period(1 )with continued confidence in
delivering FY25 market expectations(2)

 

Marston's PLC, a leading local pub group, issues the following trading update
for the 16-week period to 18 January 2025, in advance of the Company's Annual
General Meeting to be held at 10am today.

 

All sales comparisons are to the same period in FY24.

 

Total retail sales in the Group's managed and partnership pubs for the 16-week
period were up +3.0%, driven by growth in both food and drink sales,
demonstrating the continued appeal of Marston's community-based estate and
leading product offering.

 

Like-for-like sales during the same period were up +2.0%, reflecting strong
trading over the festive period offset by poor weather conditions in November
and January.

 

During the key festive trading period(1), the two weeks which include the five
key trading days of Christmas Eve, Christmas Day, Boxing Day, New Year's Eve
and New Year's Day, like-for-like sales were very strong, up +11.1%.

 

Justin Platt, CEO of Marston's PLC, commented:

 

"I am pleased to report a solid first quarter performance for Marston's, with
a particularly strong key festive trading period(1), achieving record sales on
Christmas Day."

 

"We are excited for the year ahead as we build on this performance through the
successful execution of our refocused strategy, driving revenue growth through
event driven marketing and the roll out of our differentiated pub formats."

 

"We remain well placed to deliver FY25 market expectations(2) and the guidance
set out at our October 2024 Capital Markets Day."

 

Notes

(1) Festive trading period defined as 22 December - 4 January inclusive

(2) FY25 market consensus for underlying PBT is £68.3m

 

 

Forthcoming Events

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

 

2025 Interim Results: 13 May 2025

 

Enquiries:

 

Marston's PLC

Justin Platt,
CEO
Tel: 01902 329516

Hayleigh Lupino, CFO

Matthew Lee, Investor
Relations
matthew.lee@marstons.co.uk

Rebecca Jamieson, Investor Relations
 
rebecca.jamieson@marstons.co.uk

Giles Robinson, Director of Corporate
Affairs
giles.robinson@marstons.co.uk

 

Sodali & Co (Media)

Ben
Foster
Tel: 020 7250 1446

Russ
Lynch
marstons@sodali.com

Oliver
Banks

 

 

Notes to Editors

Marston's PLC, listed on the London Stock Exchange under the ticker MARS, is a
leading local pub operator with an estate of 1,334 pubs nationally, comprising
managed, partnership ('franchised') and tenanted and leased pubs. Marston's
employs around 10,000 people. More information is available at:
https://www.marstonspubs.co.uk/.

 

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