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Marston’s is boosted by pub grub
PUBS and brewing group Marston’s said earnings for the year to 2 October were in line with its expectations, as increasing food sales boosted revenues at its managed pubs division.
Like-for-like sales at the managed pubs unit were 1.7 per cent ahead of last year, as food sales, which account for about 40 per cent of total sales, grew 2.5 per cent.
Drinks sales climbed 1.4 per cent. The company, which like other pub companies has made a push to increase higher margin food sales, said like-for-like profit at its tenanted pubs, which are owned by pub companies but run by publicans, fell 3.7 per cent year-on-year.
This was better than the 4.5 per cent fall reported at interim results in May.