Young & Co 'A' said inflationary conditions may impact consumer sentiment and ultimately spending in pubs, though the company announced that the strong trading momentum seen in the final quarter of last year has continued.
At today's AGM, chair Stephen Goodyear will say that in the first 13 weeks of the current financial year, revenue for the British pub chain, which operates nearly 220 pubs, increased 39.7% overall and 34.9% on a like-for-like basis against last year.
The current year will see the benefits from last year's nine acquisitions and the recently acquired Bedford Arms (Chenies Village) and Merlins Cave (Chalfont St. Giles), Young's added.
As previously announced, chief executive Patrick Dardis is leaving after six years in the role, to be replaced by Simon Dodd, who was recruited three years ago with succession planning in mind.
Dardis will remain on the board until he retires end-September and will remain available to the company until the end of March 2023, the company said.
Shares were up 0.72% at 1,128.12p midmorning.