Marston’s (GB:MARS) has released an update.
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Marston’s PLC has reported a robust year-to-date like-for-like sales growth of 5.2%, with a marked increase during the Euro 2024 football event, despite recent weather challenges. The company’s strategic sale of its 40% stake in CMBC to Carlsberg for £206 million marks a significant shift towards becoming a solely pub-focused entity, aiming to notably reduce its net debt. The Board is confident in meeting market expectations for performance, adjusting for the CMBC sale’s impact.
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