Young’s has reported like-for-like sales for the year to 30 March were up 4.7 percent on the prior year period, with total managed house revenue jumping 4.6 percent.
The pub group now expects full year trading to be “in line with management’s expectations” as it begins integration of the eight-strong Cubitt House estate.
“Our proven strategy of operating premium, well-invested pubs continue to deliver strong resilient results,” said CEO Simon Dodd.
“Another year of strong performance demonstrates that, even amid ongoing pressures and uncertainty, customers continue to choose Young’s pubs, consistently attracted by the quality of our offer and the environments created by our brilliant teams.”
Young’s added it has now completed its purchase of the London-based Cubitt House group, with Dodd praising its “exceptional teams and its unique culture, which has ultimately underpinned its success.”
“We are delighted to welcome this exceptional collection of pubs and their teams to the Young’s family as we enter a new era on the Main Market of the London Stock Exchange.”