FY26 Trading Update
FY26 revenue up 4.6%, like-for-like sales up 4.7%, in line with expectations. Cubitt House acquisition completed.
vs expectations: in line
- Total managed house revenue growth 4.6%
- Like-for-like sales growth 4.7%
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Young's, the premium operator of pubs and bedrooms in London and the South of England, announces a trading update for the 52 weeks ended 30 March 2026.
Trading
Young's delivered another strong performance in FY26, with total managed house revenue up 4.6% for the 52-week period, alongside an increase of 4.7% in like-for-like sales. As such, trading for the full year is expected to be in line with management's expectations.
This positive performance, which has been delivered against considerable and well publicised challenges facing the sector, is testament to Young's proven strategy and its commitment to making continuous investments in its premium estate.
While we remain mindful of ongoing macroeconomic uncertainty, including volatile energy costs and the associated potential impact on consumer discretionary spending, Young's consistent strategy of operating a premium, well-invested managed pub estate, alongside its extensive hedging programme, leaves it well-positioned to withstand ongoing uncertainty and deliver profitable growth for the year ahead.
Cubitt House acquisition
On the 8 April 2026, Young's announced an agreement to acquire Cubitt House London Pubs, a collection of eight pubs, of which three have bedrooms. Located in some of London's most affluent neighbourhoods, the acquisition aligns perfectly with our strategy to selectively expand our business. The acquisition completed on 22 April and we are now embarking on a period of integration as we get to know further its exceptional teams and its unique culture, which has ultimately underpinned its success.
Simon Dodd, CEO said:
"Our proven strategy of operating premium, well-invested pubs continue to deliver strong resilient results. Another year of strong performance demonstrates that, even amid ongoing pressures and uncertainty, customers continue to choose Young's pubs, consistently attracted by the quality of our offer and the environments created by our brilliant teams.
The acquisition of Cubitt House further demonstrates this strategy. We are delighted to welcome this exceptional collection of pubs and their teams to the Young's family as we enter a new era on the Main Market of the London Stock Exchange."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.