The parent company of Bristol-based brewery Butcombe has reported "record" revenues for the financial year.
Jersey-headquartered pub and brewing business Butcombe Group said its results for the 12 months to January 2025 were a "clear indication" of its "operational strength".
Revenues for the period were £149m - up from £144.4m the year previously - while full-year like-for-like revenue rose +7.8%. The company's second-half growth of 9.5% was driven by strong demand in December and festive bookings, Butcombe said.
The company also reported an "exceptional performance" on food at +12%, while accommodation sales rose +4% and drink +5%.
Butcombe Group consists of more than 120 pubs, bars and inns with over 400 rooms, stretching across the South of England and into the Channel Islands.
The business, which rebranded in December, made investments in 10 of its pubs over the year. It also continued to roll out its premium offering, Butcombe Boutique Inns.
Jonathan Lawson, chief executive of Butcombe Group, said: “We are delighted to report another strong year across all divisions of Butcombe Group.
"We have delivered record revenues and sector-leading like-for-like growth of 7.8% in our managed pubs, a clear indication of our continued operational strength and effective strategic investments. This result is especially pleasing considering the strong comparatives we faced against last year."
Mr Lawson said the company's "momentum" had continued into the first quarter of the new financial year, with "impressive" results. Butcombe saw like-for-like sales growth 11.1% in Q1 and delivered its highest-ever trading day on Mother’s Day, surpassing a previous record set on Christmas Day.
Meanwhile, the brewing and drinks division was broadly flat versus last year in Q1, the firm said.
Mr Lawson admitted the company's cost base had come under "further pressure" following last year's Budget announcement and said the lowering of the NI threshold was "unwarranted and an action that discourages growth, investment and employment".
But he added that initiatives to improve the efficiency of the company's P&L were helping to offset the impact of cost increases.
"While we remain mindful of the ongoing inflationary pressures and changes to National Insurance contributions that impact the broader hospitality sector, we are confident in our strategy," he added.
"Our continued focus on premium segments, operational efficiencies, and customer-centric innovation positions us strongly for sustained EBITDA growth and margin enhancement through the rest of the year."
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