In Good Spirit

16/03/2012

Spirit Pub Company has announced that sales in its managed pubs are up 5 per cent for its second quarter and it should meet its full year expectations.

“We remain encouraged by further progress in both food and drink sales and are seeing particularly good results where we are introducing food into our drinks-led pubs,” the company said in a statement.

Spirit, which operates about 800 pubs, said it had taken full control of its leased estate following the end of the management services agreement with Punch Taverns and identified up to 80 underperforming pubs for disposal.

Punch Taverns had demerged its better-performing division Spirit last year as part of a move to cut billions of pounds of debt.

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