Midland brewer Marston’s has revealed a 7.6 per cent increase in sales on the back of a focus on food revenue.
Wolverhampton-based Marston’s, the firm behind Pedigree and Hobgoblin, saw revenue rise to £342.1 million in the six months to March 31, comapred to £317.9 million in the first half of last year.
The company saw pre-tax profits rise 14.7 per cent, to £33.5 million, after benefiting from special offers such as Two for One on food.
The Pitcher & Piano and Tavern Table firm said like-for-like sales in its pubs were 3.6 per cent higher in the six month period, including a 3.9 oer cent rise for food.
The group said the growth in food sales was driven by volume and not price as promotions such as Two for One and its Milestone carvery proved popular with punters.
Marston’s, which operates breweries in Wolverhampton, Burton-on-Trent, the Lake District, Hampshire and Oxfordshire, revealed a 15 per cent increase in underlying pre-tax profits to £33.5 million in the period.
Chief executive Ralph Findlay said: “We have delivered a good performance in the first half year against a weak consumer backdrop. Our growth in revenue and earnings was underpinned by our strategic focus on delivering value, high service standards and a quality offering to our consumers and customers. Our confidence that we are well positioned for the future is reflected in our declared dividend increase.”