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... For the full story register now for free or login below...