Young's reports 9.4% revenue growth driven by World Cup, Wimbledon and warm weather

21h ago· 1 min readenNews

Summary

Young's, a London pub and hotel operator, reported a 9.4% increase in total revenue and 5.5% rise in like-for-like sales over 14 weeks to June 31, driven by major sporting events (FIFA World Cup, Wimbledon) and warm summer weather. Riverside pubs and venues with outdoor gardens saw higher footfall, particularly over the late May bank holiday. The results show resilience despite rising hospitality costs.

Source

bskyYoung's reports 9.4% revenue growth driven by World Cup, Wimbledon and warm weatherbriefly.co

Key quotes

· 3 pulled

Revenue rose after major sporting events and warm summer weather, showing resilience for a London pub and hotel operator despite rising hospitality costs.

Total revenue increased 9.4% over the 14 weeks to June 31 versus the same period a year earlier, while like-for-like sales rose 5.5% excluding recently acquired sites.

Trading was exceptionally strong over the late May bank holiday, with riverside pubs and venues with outdoor gardens seeing higher footfall from warm temperatures.

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Revenue rose after major sporting events and warm summer weather, showing resilience for a London pub and hotel operator despite rising hospitality costs.

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