Shepherd Neame has reported a statutory profit before tax of \u00a37.4m for the 52 weeks ended 25 June after a loss of \u00a316.4m the year prior.\u00a0\r\n\r\nThe brewer, owner and operator of over 300 pubs in Kent and the Southeast, also saw an EBITDA of \u00a323.4m, which \u201csignificantly rose\u201d from \u00a37.7m in 2021.\u00a0\r\n\r\nShepherd Neame said the period under review has been \u201cdominated by the impact of Covid-19 in the first half and by the effects of the war in Ukraine in the second half\u201d, stating that the company is \u201cpleased to have achieved the strong rebound in sales and profits\u201d.\r\n\r\nFor its 63 retail pubs and hotels, total retail like-for-like sales were -8% compared with those of 2019 and +130% compared with those of 2021 for the 52 weeks to 25 June 2022 with footfall outside London near normal and strong in its coastal estate.\r\n\r\nTotal like-for-like drink sales were -16% compared with\u00a0 2019 and +168% compared with\u00a0 2021 and like-for-like food sales were -1% compared with\u00a0 2019 and +94% compared with\u00a0 2021.\r\n\r\nTotal like-for-like accommodation sales were +25% compared with 2019 and +111% compared with\u00a0 2021.\r\n\r\nThe group also acquired four pubs post year-end for \u00a36.7m and own beer volumes \u00a0were -8% compared with 2019 and +16% compared with 2021.\r\n\r\nJonathan Neame, CEO of Shepherd Neame, said: "Shepherd Neame has rebounded well from the challenges of the last two years - a testament to the strength of the business model and depth of talent across the business. The Company has strengthened its balance sheet through tight cash management and net debt reduction and continues to evolve operationally to meet changes in the market.\r\n\r\n\u201cOur business is in good shape and has traded well through the summer. Whilst we are cautious about the winter ahead and the inflationary environment, we retain an optimistic view for the business and continue to seek investment and acquisition opportunities for the long term."\r\n\r\nThe company said that the outlook for business remains \u201cstrong\u201d, with \u201cencouraging\u201d demand. It said that in the short term, there \u201cmay be challenges with many political and economic uncertainties ahead\u201d.