The severe snow conditions in December seem to have little effect on the pubs and brewing group Marston’s as it recorded higher sales, driven by stronger sales of foods.
In the four months till January 22, sales at its managed pubs open for more than a year were up by 2.1 percent. The company – which operates 2,200 pubs across England and Wales, said profitability was in line with its expectations.
Christmas sales were robust, growing by 11.2 percent over same period while foods sales like-for-like was up 4.4 percent. Sales of drinks grew slowly at 1.2 percent during the period.
Marston’s performance is similar to that of rival Mitchells and Butlers, which said on Wednesday that strong demand for its foods drove its sales during Christmas.
A smaller competitor Fuller, Smith & Turner – with 360 pubs, has also recorded higher like-for-like sales during Christmas on Friday. Its managed division witnessed a growth of 3.7 percent in the ten weeks to January 22.
Based on Thursday’s closing price, Marston’s is valued at £579 million.