Young’s revenues jump 25.4% in FY25
The pub operator said it has ‘traded well’ during the period, having seen the positive momentum it reported in January continue
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 revealed that total managed revenues, which include both Young’s and City Pubs, rose by 25.4% in the 52-week period ended 31 March, with like-for-like sales increasing by 5.7%.
The pub operator said it has “traded well” during the period, having seen the positive momentum it reported in January continue.
In the 13-weeks ending 31 March, like-for-like sales were up by 7.7% and the group’s total managed revenues jumped by 16.2%.
As a result, trading for the full year was in line with expectations.
This strong performance, which has been delivered against widespread challenges facing the sector, is said to be “a testament to Young’s proven strategy and its commitment to continuous investment in its premium estate”.
Simon Dodd, chief executive of Young’s, said: “We achieved a huge amount during the past financial year, and I am extremely pleased with this performance. We delivered it against a challenging backdrop, which was characterised by unpredictable British weather and prolonged economic uncertainty driven by political turbulence through the year.
“Our performance demonstrates the strength and resilience of our premium estate, coupled with the work of our phenomenal teams. Together, these factors have enabled our business to continue to thrive and we remain confident in our ability to deliver profitable growth.”
