News

UK: Profits down 3% at W&D

Most popular

Why whisky can no longer ignore flavour's allure

Why COVID has changed trade shows forever - focus

How COVID has closed the digital gap - trends

Anheuser-Busch InBev Performance Trends 2016-20

Top US craft brewers in 2020 - data

MORE

The largest regional brewer in the UK, Wolverhampton & Dudley, reported profits before tax and exceptionals for the 52 weeks to September 28 of £74.0m, down 3% from £76.1m last year. Analysts' forecasts had ranged from £73m to £74.6m.

The company, which produces the Banks's and Pedigree beer brands, also said that trading in its 1,630 pubs had deteriorated in October and November. It said like-for-like sales in its 488 Pathfinder pubs had fallen by 0.5% over the past two months.

"Current trading is subdued, but we are in mainly value for money community pubs rather than premium priced high street outlets, and so we are more resilient than most in the industry," said CEO Ralph Findlay. "I think consumer confidence is weaker than it was and we would not expect it to turn around quickly."
In spite of the profit fall and recent slow sales, analysts greeted the W&D results enthusiastically as a resilient performance ahead of the pub sector.


Related Content

UK: Marston’s turnover ahead despite difficult trading conditions

UK: Marston’s turnover ahead despite difficult trading conditions...

Pernod Ricard lines up Beefeater RTDs for UK release

Pernod Ricard lines up Beefeater RTDs for UK release...

Henkell Freixenet expands Freixenet still wine collection

Henkell Freixenet expands Freixenet still wine collection...

PepsiCo CEO hails

PepsiCo CEO hails "rational" pricing as COVID knocks out promotions...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?