0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

small-cap

Business Updates On FTSE All- Share- listed Consumer Discretionary Stock- MARS

Dec 07, 2023 | Team Kalkine
Business Updates On FTSE All- Share- listed Consumer Discretionary  Stock- MARS

MARS:LSE
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (GBX)

Marston's PLC 

Marston's PLC (LSE: MARS) is an FTSE All-Share index listed company that operates pubs and breweries with three business segments – Destination and Premium, Taverns and Brewing. The Company is a leading UK operator of 1,468 pubs.

FY 2023 Preliminary Results (Released on 05 December 2023)

  • Revenue: The company stated that the revenue increased by 9.1% to GBP 872.3 mn during FY23 as compared to GBP 799.6 mn in FY22, majorly driven by the improved demand from both drinks and food segments and the seamless execution of the various initiatives across the pubs to optimize the revenues.
  • Profitability: The company reported underlying profits (excluding income from associates) of approx. GBP 124.8 mn during FY23 versus GBP 115.4 mn in pcp whereas the underlying operating margins were flat at 14.3% in FY23 as compared to pcp. Further, the underlying operating profit including income from associates improved to GBP 134.7 mn during FY23 against GBP 118.7 mn in FY22.
  • Outlook: The company is aiming to pursue a combination of the strategy to leverage the existing locations of the portfolio of pubs which will enable it to endure the macro headwinds if persist. Also, the management is trying to dispose of the non-core pubs and launch a franchise-style model across food-led pubs to strengthen the sustainable quality earnings over the long term
  • Management Update: The company appointed Justin Platt as the Chief Executive Officer with effect from 10 January 2024.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Marston's PLC (LSE: MARS) closing market price of GBX 29.70 (as of 06 December 2023)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 06 December 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.


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