REG - Marston's Plc - Trading Update for the 41 weeks to 12 July 2025

Marston'sAnnouncement

22/07/2025 07:00

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RNS Number : 9188R  Marston's PLC  22 July 2025

22 July 2025

MARSTON'S PLC

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

 

ENCOURAGING H2 MOMENTUM, FY2025 PROFIT ON TRACK

STRONG PROGRESS AGAINST STRATEGIC GOALS

Marston's, a leading UK hospitality business with an estate of more than 1,300
pubs, today announces a trading update for the 41-week period to 12 July 2025.
All sales comparisons are to the same period in FY2024.

 

Business Update

•   Like-for-like sales for the 15 weeks to 12 July 2025 rose 2.9%, in
line with expectations, and delivered against a strong prior year comparator
which included the Euro 2024 Championships. Excluding the prior year impact of
England matchdays, like-for-like sales were 4.0% higher.

•   Like-for-like sales have improved on H1 and now stand at +2.0%
year-to-date, as the Group continues to build momentum going into Q4.

•    Margin expansion initiatives continue to deliver strong results,
building on progress in H1, supported by disciplined execution of market
leading pub operating model including ongoing revenue management, labour and
procurement improvements.

•    Rollout of the Group's differentiated pub formats is progressing
ahead of schedule and showing encouraging early results, with 26 pubs
refurbished and trading under new brand formats, including 21 Two Door and
five Grandstand sites.

•    A further five Woodie's Family Pubs are due to open before the end
of July, putting the Group on track to exceed its target of 30 new-format
refurbishments ahead of the year end.

 

Outlook

•  Strong Q4 trading performance anticipated, supported by an exciting
pipeline of demand-driving events, the continued rollout of Order & Pay,
and ongoing revenue management initiatives.

•    Management confident in delivering full-year profit before tax in
line with market expectations.(1)

•    Capital expenditure expected to total approximately £60 million, in
line with guidance, following investment in estate development, digital
transformation and guest experience.

•    Strong progress towards our goal of generating recurring free cash
flow of over £50 million in the near-to-medium term, supporting investment
and deleveraging.

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

"We're excited about the momentum we're building throughout the business, with
our performance enhanced by a strong pipeline of demand-driving events,
continued growth from Order & Pay and our ongoing revenue management
initiatives. We've made excellent progress against our strategic priorities so
far this year, delivering improved margin performance, strong cash generation
and the roll-out of our new pub formats.

This momentum and our disciplined execution across the business gives us great
confidence for the future, and we remain firmly on-track to deliver on
full-year market expectations.(1)"

 

Enquiries:

 

Investors

 

Marston's PLC

Justin Platt,
CEO
Tel: 01902 329516

Hayleigh Lupino,
CFO

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

 

Media

 

Marston's PLC

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

 

Sodali & Co

Ben
Foster
Tel: 020 7250 1446

Russ Lynch

Oliver
Banks
marstons@sodali.com

 

 

Notes

 

1 - External market consensus for FY2025 underlying PBT is £67.3 million.

 

Notes to Editors

Marston's PLC, listed on the London Stock Exchange under the ticker MARS, is a
leading UK hospitality business with an estate of more than 1,300 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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