11 September 2015
(For the 52 weeks ended 26 July 2015)
Before exceptional items
Revenue £1,513.9m (2014: £1,409.3m) +7.4%
Like-for-like sales +3.3%
Profit before tax £77.8m (2014: £79.4m)
Earnings per share (including shares held in trust) 47.0p (2014: 47.0p) -2.0%
Free cash flow per share 89.8p (2014: 74.1p) +21.2%
Full year dividend 12.0p (2014: 12.0p) Maintained
After exceptional items*
Profit before tax £58.7m (2014: £78.4m) -25.1%
Earnings per share (including shares held in trust) 36.7p (2014: 32.8p) +11.9%
* Exceptional items as disclosed in account note 5.
In the six weeks to 6 September 2015, like-for-like sales increased by 1.4%, with total sales increasing by 5.2%.
As previously stated on 15 July 2015, a number of factors likely to influence our trading performance this financial year are difficult to quantify at this early stage. Positive aspects include an increase in pub numbers, a better economy and slightly lower interest rates; less favourable aspects include heightened competition from supermarkets and restaurant groups and increased staff, repairs, bar and food costs. We continue to anticipate a trading performance similar to, or slightly above, that achieved in the last financial year.
|Preliminary Results Announcement||11 September 2015|
|Q1 Interim Management Statement||4 November 2015|
|AGM||12 November 2015|