Last month, Marston’s PLC shared their end of year trading update to investors. Their like-for-like sales over the prior year were down 1% vs the same time frame in 2019 – Marston’s PLC highlight that this reflects restricted trading over December 2021 and January 2022, due to the Covid19 Omicron variant. The company also stated in their trading update that total retail sales, across both franchise and company operated pubs pubs up 2% vs FY2019. The Marston’s PLC share price ended the day, the trading results were shared, up 5.79%.
In 2009, Marston’s began franchising, with over 600 pubs now being operated by franchisees. This is part of the 1,468 operated pubs within the estate – the others being company-operated or leased.
Andrew Andrea was appointed Chief Executive Officer of Marston’s PLC on 3rd October 2021; he was previously the company’s Operations Director. On announcing the new CEO, Marston’s press release attributed Andrew Andrea with developing the “highly innovative franchise agreement which is now widely adopted across the pub industry”.
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