REG - Young & Co's Brew. - Q3 Trading Update

Young & Co's BreweryAnnouncement

16/01/2025 07:00

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RNS Number : 4939T  Young & Co's Brewery PLC  16 January 2025

 

YOUNG & CO.'S BREWERY, P.L.C. ("Young's")

 

Q3 FY25 TRADING UPDATE

 

EXCELLENT CHRISTMAS TRADING

Young's, the premium operator of pubs and bedrooms in London and the South of
England, announces a trading update for the 15 weeks ended 13 January 2025.

 

Trading

Young's has traded exceptionally well over the Christmas and New Year period,
with total managed revenue, reflecting contributions from both Young's and
City Pubs, for the five-week festive period ending 13 January up 30.4% and
like-for-like sales up 11.6%. The key festive days performed strongly, with
combined like-for-like sales covering Christmas Eve, Christmas Day and Boxing
Day up 10.5%.

Total managed revenue for the last 15 weeks ending 13 January 2025 increased
26.1% and 7.9% on a like-for-like basis. This represents continued momentum
from the strong trading position reported at the interim results in November,
improving our year-to-date managed revenue like-for-like position to 5.5%.
This is testament to Young's proven strategy of continuing to invest
significantly in our premium estate, with a number of recently completed
projects delivering particularly strong performances in the period.

 

Simon Dodd, CEO of Young's, commented:

 

"We are very pleased with our excellent trading over the festive period, which
reflects the rigorous planning, commitment and enthusiasm of our teams across
the business. We continued to break sales records across the period,
delivering some of the highest daily sales in Young's history. Our recent pub
investments performed exceptionally well across the period."

"Looking ahead, whilst we remain mindful of the headwinds facing consumers and
the wider issues that our industry will encounter from the increase in both
National Insurance contributions and National Living Wage, our business is in
great shape, and we continue to be optimistic about the year ahead."

 

 

For further information, please contact:

 

 Young & Co.'s Brewery, P.L.C.                       020 8875 7000

 Simon Dodd, Chief Executive Officer

 Michael Owen, Chief Financial Officer

 MHP Group                                           07736 464749

 Tim Rowntree/Eleni Menikou/ Robert Collett-Creedy

 

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