Blurry vision puts pub group’s focus on debt reduction
Pub group Marston's is renewing its focus on debt reduction as it worries about consumer spending, despite enjoying a particularly good Christmas.
Sales were up 5.7% over the Christmas fortnight, with margins keeping pace with a year earlier. Like-for-like pub sales for the longer period of the 16 weeks to January 19 were up 1.4%, while its brewing business increased volumes by 3.5%.
Chief executive Ralph Findlay said it was "a creditable performance in a challenging market" but warned about "increasingly uncertain times" as the... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...