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YNGA Young & Cos Brewery News Story

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Consumer CyclicalsBalancedMid CapSuper Stock

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/MissActualConsensus Estimate
FY RevenueSlight Beat*GBP 508.20 mlnGBP 507.76 mln (6 Analysts)
FY Adjusted EBITDASlight Beat*GBP 115.20 mlnGBP 114.50 mln (6 Analysts)
FY Adjusted Operating ProfitSlight Beat*GBP 71.30 mlnGBP 70.80 mln (5 Analysts)
FY Adjusted Pretax ProfitSlight Beat*GBP 53.10 mlnGBP 52.80 mln (6 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers. Analyst Coverage The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the restaurants & bars peer group is "buy." Wall Street's median 12-month price target for Young & Co's Brewery PLC is GBp1,400.00, about 92.3% above its May 20 closing price of GBp728.00 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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