Sales climb at Marston's
Sales in Wolverhampton-based Marston's Inns and Taverns division have been boosted 2.9 per cent over the last year, the company said this morning.
Like-for-like food revenue grew 5 per cent while wet sales were up 1.8 per cent in its managed Inns and Taverns division.
Marston's described its results for the year ending 1 October as "encouraging" in its latest trading statement.
Food now accounts for 42 per cent of total sales, a 2 per cent increase on last year.
In Marston's pub company, its tenanted and leased pubs division, like-for-like profits are estimated to be 0.6 per cent up on last year.
Own brewed beer volumes, produced in Marston's Beer Company, are 2 per cent higher than last year, outperforming an ale market which is down 6 per cent.
The company said its aim to open an additional 25 new pub-restaurants in the new financial year remains on target.
Ralph Findlay, chief executive, said: "We have been very encouraged by the performance of all areas of our business this year. The objectives of our clearly defined strategy are sustainable growth, higher investment returns, and reduced gearing.
"Our operational focus on offering value for money to our customers together with high service and quality standards is helping us achieve those objectives."
