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Marston’s ( (GB:MARS) ) has shared an announcement.
Marston’s PLC, a prominent local pub group, reported a strong trading performance for the 16-week period ending January 18, 2025, particularly during the festive season. The company’s overall retail sales grew by 3.0% due to an increase in food and drink sales, while like-for-like sales were up by 2.0%, despite adverse weather conditions in November and January. During the festive period, sales surged by 11.1%, with a record-breaking performance on Christmas Day. The CEO, Justin Platt, expressed optimism for the year ahead, attributing the success to a refocused strategy aimed at driving revenue growth through event-driven marketing and innovative pub formats. Marston’s remains on track to meet FY25 market expectations, reflecting its solid market position.
More about Marston’s
Marston’s PLC, listed on the London Stock Exchange under the ticker MARS, is a leading local pub operator with an estate of 1,334 pubs nationally, comprising managed, partnership (‘franchised’), and tenanted and leased pubs. The company employs around 10,000 people.
YTD Price Performance: -3.98%
Average Trading Volume: 1,292,419
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £267.7M
For a thorough assessment of MARS stock, go to TipRanks’ Stock Analysis page.
