A BURTON-based pub giant has enjoyed a major boost in sales thanks to a bumper summer.
Spirit Pub Company, based in Centrum 100, revealed it had seen a 4.1 per cent rise in like-for-like net sales for the final three months of the financial year, with like-for-like food sales rising 4.7 per cent and drinks by 2.8 per cent.
The fine weather is thought to have to been a major factor behind the increase in trade, with the firm forecasting that full-year earnings will be in line with expectations.
Mike Tye, Spirit chief executive, said: “We have delivered a strong finish to the financial year in both estates with our performance, reflecting a combination of improved weather over the summer and further execution of our strategy.
“We expect full-year earnings to be in line with market expectations and remain well positioned for further growth.
“We continue to innovate to create compelling brands and pubs, as well as investing in the talent and leadership of our people to deliver hospitality excellence for our guests.”
Highlights for the period saw its managed pubs operation outperform the market, while it also made progress in its leased pubs.
A spokesman for the firm said: “Our managed pubs ended the year well in the fine summer weather.
“Our brands continue to deliver strong like-for-like food sales growth and we are pleased with our drink like-for-like sales, given the tough year-on-year comparatives against Euro 2012.
“Focus on the execution of our well-established strategy continues to produce encouraging results.
“We are pleased with the progress in the transformation of our leased estate, with performance in line with our expectations.
“Like-for-like turnover ended the full year marginally down, but we saw improving momentum through the year.”
The news comes just days after Punch Taverns, which Spirit demerged from two years ago, had also seen a good set of financial results.
The firm, also based in Centrum 100, revealed that overall incomes had slightly improved.