|
Shepherd Neame Ltd on Friday said sales over the festive period ‘remained strong’, with the company expecting an easing of sector headwinds throughout 2026. The Faversham, Kent-based brewer and pub operator said retail like-for-like sales rose 4.5% in the 26 weeks to December 27, with Retail pubs trading ‘very well’ over the festive and New Year period. Shepherd Neame said Retail like-for-like sales improved 8.1% in the five weeks to January 3, owing to a strong performance inside the M25. Further, the company said its Tenanted estate ‘continues to deliver robust performance’, with like-for-like pub income up 3.1% in the 26-week period. Total beer volume fell 6.6%, said Shepherd Neame, with own beer volume down 12%, owing to the ‘ongoing decline in national volumes’. Shares in the company were up 1.0% at 495.00 pence on London’s Aquis Exchange on Friday morning. The company is scheduled to publish its interim results on March 18. ‘Demand has remained resilient throughout this period in our pub business, and we have enjoyed a particularly strong Christmas trading period. Whilst our sector continues to face cost headwinds, we expect these to ease as we progress through 2026. The Company continues to trade in line with the Board’s expectations,’ said Chief Executive Jonathan Neame. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|