The pubco today (Wednesday 9 July) reported revenue for the first 14 weeks of the financial year beginning Tuesday 1 April 2025 were up 6.6% in total and 7% on a like-for-like basis against last year.
It attributed the strong trading momentum to long periods of warm, sunny weather during spring and early summer, adding the results were “even more pleasing” when measured against the same period last year, which benefited from the EURO24 Championship.
Differentiated estate
Young’s CEO Simon Dodd said: “We are delighted to be reporting excellent trading over the first quarter of the new financial year, particularly against such a strong comparator.
“Young’s pubs are thriving, and our strategy of employing the very best teams, and maintaining a premium, well-invested and differentiated estate, continues to deliver industry leading results. Our business is performing well, and we are confident about the year ahead.”
The trading update followed a “fast start” to the new financial year, with like-for-like revenue growth up 5.7%.
Strong performance
In addition, total revenue for the group rose by 24.9% to £485.8m while adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) climbed 23.2% to £113.6m for the 52 weeks ended 31 March 2025.
Young’s said it would continue to invest in its estate of more than 270 pubs, including 55 with bedrooms, which are primarily located in London and the south of England.
Ahead of its AGM later today, the pubco said: “This strong performance demonstrates that our proven strategy of operating premium, individual, and well-invested pubs and bedrooms, consistently delivers industry leading results.”
