Marston's Christmas delivers solid first quarter
Marston’s PLC has shared a trading update for the 16-week period to 18 January 2025.
Strong sales over the festive season have helped pub operator Marston's deliver an encouraging first quarter of its financial year.
For the 16-week period to 18 January 2025, total retail sales in the group’s managed and partnership pubs were up 3%, driven by growth in both food and drink sales.
Like-for-like sales were up 2%, thanks to strong trading over the festive period offset by poor weather conditions in November and January.
During the two weeks which included the five key trading days of Christmas Eve, Christmas Day, Boxing Day, New Year’s Eve and New Year’s Day, like-for-like sales were up 11.1%.
Delivering on expectations
"I am pleased to report a solid first quarter performance for Marston’s, with a particularly strong key festive trading period, achieving record sales on Christmas Day," says Justin Platt, CEO of Marston’s PLC (pictured).
"We are excited for the year ahead as we build on this performance through the successful execution of our refocused strategy, driving revenue growth through event-driven marketing and the roll out of our differentiated pub formats.
"We remain well placed to deliver FY25 market expectations and the guidance set out at our October 2024 Capital Markets Day."
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