Everards turnover hits £31.4m in FY22
The 154 pub estate has recovered well since the end of the pandemic with profit before tax of £2.7m and like-for-like profit growth to June 2023 of 6.3%
Leicestershire-based brewer and pub operator Everards has reported a turnover of £31.4m for the year ended September 2022.
The 154 pub estate has recovered well since the end of the pandemic, with profit before tax of £2.7m and like-for-like profit growth to June 2023 of 6.3%.
Everards said it continues to work closely with all of its business owners, particularly around handling inflation challenges. In addition to targeted support with utilities costs, Everards has contained draught drinks price increases of 4.3% to business owners. Its new breweries at Everards Meadows have innovated in both cask and craft beers resulting in like-for-like sales growth to June 2023 of 12.7%.
The creation of Everards Meadows, the group’s new 90 acre leisure and tourism development, which launched in Summer 2021, is performing well. The new Everards Beer Hall, Shop and Brewery Tours have also been well received by customers.
During the year, Everards also increased investment into its pub estate, with £2.2m allocated between September 2022 and June 2023 into pub refurbishments, repairs and compliance works.
In November 2022, the pub operator secured planning consent of 150,000 sq ft on their remaining 6 acres of development land including spaces for a hotel, office, leisure, hospitality and education.
Julian Everard, chairman, said: “Hospitality is currently an extremely challenging trading environment, however our collaborative approach and the hard work of my colleagues and business owners is delivering beyond expectations to their customers and communities.
“Our model of investment into our team, our pubs and our beers will continue to deliver fantastic community experiences and sustainable business models for both ourselves and more importantly our business owners.”