Marston’s PLC's (LSE:MARS) year-end trading update next Wednesday, 9 October will show how the pub operator fared after a boost during the Euros risked being dampened by poor weather.
Having pointed to an uptick in sales from this year’s Euros in Germany, investors will be awaiting news of how the London-listed firm fared during the Olympics in Paris later on and against wetter weather this summer.
This comes after efforts were made to upgrade pub gardens ahead of the summer months, while a cost-efficiency program was carried out to buoy margins.
Marston’s had reported a 22% increase in underlying profit to £52.7 million over the first half of the year, on a 5.2% jump in sales to £428.1 million.
A report in July then said sales had climbed by 2.4% more recently over the 16 weeks to July.
Shore Capital analysts noted previously that stronger-than-expected cash generation was set to see debt cut to around £920 million by the year-end.
Scope could build ahead for the likes of shareholder rewards as a result, analysts said.
However, “unseasonably wet weather” was said to have affected trading in the July update, while Marston’s also said it faced tough comparables from a year earlier.