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UK: Young & Co reports good start to year

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Despite the wet month in June, the UK independent brewer Young & Co's has said that its trading in the first 13 weeks of this financial year is in line with expectations.

Speaking at the AGM, Chris Sandland, chairman, said: "Sales from our retail activities were up 15.4% in total with our managed house sales up 6.3% on a like for like basis (up 3.7% uninvested).

"We saw very strong trading in April and May, although the past month has seen the impact of the poor weather, which was in direct contrast with glorious sunshine last year.

"We believe that Young's premium market position, well invested outside areas and quality food offering makes us well placed to withstand the impact of the smoking ban. Compliance with the ban has been very good, with all our pubs reporting a positive customer response.

"However, at this early stage after only 10 days trading since the ban it is impossible to distinguish between the impact on current trading patterns from the smoking ban and the weather."


Sectors: Beer & cider

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