Freshly tipped Spirit Pub Company (SPRT) has performed strongly during its third quarter. Like-for-like sales from the managed estate rose 6 per cent during the 12 weeks to 24 May 2014, with food and drink sales up 4.8 per cent and 7.1 per cent respectively. The recovering leased estate also achieved encouraging growth, with turnover up 2.5 per cent in the same period.
IC TIP:
Buy
at
80p
Overall, managed like-for-like sales are up 5.2 per cent for the year to date, while the leased estate noted a 3 per cent improvement in turnover so far, as turnaround efforts continue.
