Young’s revenues rise 6.6% as warm weather lifts sales
The pub operator said the results were particularly encouraging given last year’s period included a boost from the EURO24 Championship
Register to get 1 more free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Young’s has reported a 6.6% rise in revenue during the first 14 weeks of its new financial year, with like-for-like sales up 7% compared with the same period last year.
The pub operator said the performance reflected “strong” trading momentum from the previous year, helped by warm and sunny weather over spring and early summer which boosted sales in its gardens and riverside venues.
In a trading statement ahead of its annual general meeting, which took place yesterday (9 July) in London, Young’s said the results were particularly encouraging given last year’s period included a boost from the EURO24 Championship.
Simon Dodd, chief executive of Young’s, said: “We are delighted to be reporting excellent trading over the first quarter of the new financial year, particularly against such a strong comparator.
“Young’s pubs are thriving, and our strategy of employing the very best teams, and maintaining a premium, well-invested and differentiated estate, continues to deliver industry leading results. Our business is performing well, and we are confident about the year ahead.”
The company said it had already completed several refurbishment projects to take advantage of summer trading, and that it remained confident despite challenges in the sector.
