The multi-award winning Tring-based pub operator Oakman Inns and Restaurants has announced a stellar trading performance over the Christmas period. The headline numbers for the four weeks ending Sunday 3 January 2016 are:
- Like-For-Like Sales up 11.8%
- Comparables up 10.5%
- Total sales £2.1m up 55% on the previous year
Founder and CEO Peter Borg-Neal commented: “We got up a very good head of steam going into the Christmas trading period and had put a lot of work into getting our Christmas offer spot-on. As a result we were hopeful of a good outcome but our performance has been at the upper end of our expectations. The 13 pubs in the Oakman Collection have averaged well over £40k net per site per week. In addition to the excellent performance from the core estate our 2015 acquisitions also did very well with The White Hart, Ampthill being a star performer.”
The numbers for the 39 weeks up to the end of Quarter Three are as follows:
- Like-For-Like Sales up 6.2%
- Total sales £14.5m – up 52.7% on the previous year
Borg-Neal commented further: “Over the past eighteen months or so we have strengthened our team and have introduced a wide range of employee and management initiatives designed to drive performance improvement. The fact that our sales have grown progressively over the course of the last 39 weeks is evidence that these programmes are bearing fruit. I am confident we can maintain this momentum through to the end of 2015/16 and, in so doing, will complete another excellent year.”
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