In its latest trading update, the London-based pubco reported it had “traded well” through the financial year.
Total managed revenue, including both Young’s and City Pubs, for the 52-week period was up 25.4%, while like-for-like sales saw a 5.7% uptick.
Additionally, like-for-like sales were up 7.7% across the 13-week period ending 31 March, with total managed revenue having increased by 16.2%.
As a result, the company, which operates some 280 sites, said trading for the full year was “in line with expectations”.
Proven strategy
It follows the positive momentum reported by Young’s in January, with total managed revenue up 30.4% across for the five week period ended 13 January 2025.
Like-for-like sales across key festive trading days, including Christmas Day and Boxing Day, were also up 10.5%.
Young’s said the strong performance, delivered against widespread challenges facing the sector, was testament to its “proven strategy and commitment to continuous investment” in its estate.
The company added while it was “mindful” of ongoing headwinds impacting the sector, it was “confidence” in performance for the year ahead.
Phenomenal teams
Commenting on the results, Young’s CEO Simon Dodd 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.”
