Marston’s (MARS) (GB:MARS) has released an update.
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Marston’s PLC reports a robust financial performance for the first half of 2024, with a 5.2% increase in revenue and significant growth in like-for-like sales, outperforming the broader market. Despite a statutory loss before tax, underlying pub operating profit surged 22%, and the company continues to focus on reducing debt, which decreased by £24.5 million. Furthermore, Marston’s is well-prepared for the second half of the year, with strong initial sales and several major sporting events anticipated to draw crowds to their upgraded pub gardens and popular food offerings.
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