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Losses rise 20-fold at pub chain Marston’s during lockdown year
PA
10 December 2020, 8:58 am
Losses increased nearly 20-fold at pub giant Marston’s in the last year, as the business faced a tough ride trying to weather the Covid-19 storm.
Pre-tax loss reached £397.1 million in the 12 months to early October, up from just £20.1 million a year earlier.
Nevertheless, Marston’s said it had managed to outperform many of its rivals for part of the year.
In the fourth quarter, like-for-like sales reached 90% of 2019’s levels, which was 7% ahead of the UK’s pub sector, according to figures from Peach Tracker which the company highlighted.