Urban Pubs & Bars lost out on £2.5m in sales in the first month of the March lockdown, and incurred a significant shortfall in profit due to its inability to mitigate costs immediately at the point of closure.
Mitchells & Butlers (M&B) has this morning reported a 1.1% increase in like-for-like sales for the 28 weeks to 12 April 2014 and said that its performance had been underpinned by a turnaround in volume performance.
You wouldn’t dream of buying a new car and not having it serviced by a competent mechanic, so why take such chances with your business? A stocktaker can provide advice on a regular basis at a reasonable cost. The Institute of Licensed Trade Stock Auditors...
Amber Taverns, the fast-growing operator of wet-led community pubs, saw EBITDA increase by one third to £6.8m in the year to 3 February as the 86-strong company reiterated plans to open 12 sites this year.
Heavitree Brewery, the Devon-based tenanted pub operator, has reported a 20% fall in profit before tax and finance costs to £1.1m in the year to 31 October 2012, with an exceptional impairment charge and costs linked to “problematic” licensees cited as...
Young’s, the London-based pub operator, has broken the £100m revenue mark in the six months to 1 October, which it described as a period of contrasting fortunes, with the first quarter being the wettest on record followed by a second quarter that featured...
Glendola Leisure, the bar and restaurant operator, is hoping to add more sites this year and is “not averse” to looking at small group acquisitions, managing director Alex Salussolia has told the PMA's sister title M&C Report.
Marston’s, the brewer and pub operator, has reported that its recent performance has been satisfactory in view of the very wet weather conditions, helped by key trading events including the Jubilee weekend, Euro 2012 and Father's Day.
Batemans, the Lincolnshire brewer and pub operator, has reported a rise in turnover and operating profit in the year to 31 January, although pre-tax profit fell 40% after a fall in profits from property disposals.
Wadworth, the Wiltshire brewer and pub operator, has credited a rise in own-beer sales, lower overheads and the recruitment of “good new licensees” for a rise in sales and underlying profits last year.
Leaving your customers in charge of your relationship is a recipe for disaster. Your customers are certainly not as motivated as you are to make your pub successful, so if you want to see your profits grow you need to put yourself in the driving seat.
Convivial London Pubs, the eight-strong London estate that was previously run as Capital Pubs II, has reported a turnaround in trading performance in the year to 1 October 2011, with pre-tax profits up 32.3% to £474k.
Greene King, the brewer and pub operator, has reported H1 revenues of more than half a billion pounds for the first time, with the managed division and food sales in particular being credited for the growth.
Young’s, the London-based pub operator, has reported a rise in half-year sales on the back of its acquisition of Geronimo Inns last December, good trading in its existing estate and strong growth in profits across it hotels.
Hall & Woodhouse, the Dorset brewer and pub operator, has reported a fall in pre-tax profit for the 52 weeks to 29 January 2011, as it incurred significant start-up costs for a flagship site in Bath and started the development of its new brewery.