Picture of Marstons logo

MARS Marstons News Story

0.000.00%
gb flag iconLast trade - 00:00
Consumer CyclicalsAdventurousSmall CapTurnaround

UK's Marston's surges to 3-1/2-year high after firm preliminary results

Updates

   ** Shares of UK pub group Marston's MARS.L rise 19.8% to 59.53 p, highest since May 2022

** Biggest gainer on London's small caps index .FTSC, which is up 0.29%

** Co says Christmas bookings are strong and 11% ahead, compared to the same point last year

** MARS reports preliminary FY adjusted pretax profit of 72.1 million, above 42.1 million pounds ($55.22 million) year ago

** MARS says LFL sales for 8 weeks to Nov 22 are tracking in line with the prior year

**  Co says FY FCF is above 50 million pounds, ahead of target

** Panmure Liberum analysts say FCF would allow co to accelerate reinvestment across pubs and return cash to shareholders soon

** Up to Monday's close, stock had risen 13.64% YTD, compared with a 5.69% increase in FTSC

($1 = 0.7624 pounds)

 (Reporting by Simone Lobo)

 ((Simone.Lobo@thomsonreuters.com, +919920570373))

Recent news on Marstons

See all news