Marston's reports strong results, shares jump By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2024
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Should l Buy ?
Source: Investing.com
Strong Financial Performance: Marston’s Plc reported a 64.5% increase in underlying profit before tax, reaching £42.1 million, with revenue growing by 3% to £898.6 million, driven by resilient consumer demand and operational efficiencies.
Debt Reduction and Operational Improvements: The company significantly reduced its net debt by £301.7 million, improved its debt-to-EBITDA ratio, and enhanced guest satisfaction, while also piloting a new pub format that has shown promising results.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
