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Marston’s sales boosted by Christmas trading but shares slip

Marston's 4% like-for-like sales rise driven by Christmas trading and refurbishments despite 10.7% share drop; business rates relief may reduce costs by £4 million, analysts say.

  • On January 24, Marston's reported like-for-like sales grew by 4%, including 5.6% over five key Christmas dates, but shares dropped 10.7% on Wednesday.
  • Christmas bookings were up 11% year-on-year, supporting the firm's seasonal performance, Justin Platt, chief executive of Marston's, pointed to standout festive trading and venue investment.
  • The group completed refurbishments to 23 pubs this quarter with plans for 50 over the financial year across an estate of more than 1,300 pubs.
  • Marston's did not disclose the impact of 15% planned business rate cuts next year, while analysts at Panmure Liberum indicated savings of up to 4 million.
  • Management pointed to demand-driving events in 2026, including the 2026 FIFA World Cup, and said it remains confident in delivering full-year market expectations through strategy and cost control.
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Marston’s sales boosted by Christmas trading but shares slip

The pub company reported that like-for-like sales grew by 4% over the 17 weeks to January 24.

·London, United Kingdom
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The Independent broke the news in London, United Kingdom on Wednesday, January 28, 2026.
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