Marston’s trading above expectations since reopening

In a trading update for the 42 weeks to 24 July 2021, Martson’s reports that sales were encouraging and that the company’s expectations have been beaten since reopening in May, driven by its investment in outdoor seating, the warmer weather and the success of England in the Euro 2020 tournament.

Marston’s predicts its investment in its pubs’ outdoor space will bring further benefit in the future.

The company’s carvery business didn’t perform as well, hitting 73% of the 2019 sales figures  since 12 April with Government restrictions on self-service and buffet formats named as a factor.

The pub operator has again called on the Government to make permanent its VAT reduction and to also overhaul the current business rates system.

“We believe that a government review of the business rates system is long overdue, and that VAT reduction should be permanent since the hospitality industry remains one of the most heavily taxed sectors,” says chief executive officer Ralph Findlay.

“This would assist an industry that has been hit hard and aid hospitality’s employment and development of young workers which will be a key part of the UK’s economic recovery.”