UK's Young & Co's Brewery FY prelim revenue slightly beats estimates
Overview UK pub operator's preliminary FY revenue rose 4.6%, slightly beating analyst expectations Adjusted EBITDA, operating profit, and pretax profit all slightly beat analyst expectations Company bought back £6.1 mln in shares under previously announced programme Outlook Company says macroeconomic uncertainty will continue to pose challenges to consumers Result Drivers WEATHER AND EVENTS - Strong like-for-like sales growth driven by favourable weather, record-breaking Wimbledon and Christmas trading, and investments in outdoor spaces CATEGORY AND MENU STRATEGY - Premiumisation in drinks, expanded cocktail and beer offerings, and a focus on British, seasonal food supported sales growth COST PRESSURES OFFSET - Procurement synergies and operational improvements from City Pub Group acquisition helped offset higher wage and food costs Company press release: ID:nRSU2483Fa Key Details
| Metric (Preliminary ) | Beat/Miss | Actual | Consensus Estimate |
| FY Revenue | Slight Beat* | GBP 508.20 mln | GBP 507.76 mln (6 Analysts) |
| FY Adjusted EBITDA | Slight Beat* | GBP 115.20 mln | GBP 114.50 mln (6 Analysts) |
| FY Adjusted Operating Profit | Slight Beat* | GBP 71.30 mln | GBP 70.80 mln (5 Analysts) |
| FY Adjusted Pretax Profit | Slight Beat* | GBP 53.10 mln | GBP 52.80 mln (6 Analysts) |