To put it bluntly, no, pubs are not a good investment. There are a few large pub companies listed on the London Stock Exchange (LSE), each with a significant presence in the UK’s hospitality sector, and all of them have performed badly over the past five years. Investors would have also lost money in four out of the five large listed pub groups over the last year.
You can see below the share price performance of the biggest pub groups that retail investors can buy shares in as well as how much they are worth and if they pay dividends.
Mitchells & Butlers plc (MAB)
Mitchells & Butlers plc (MAB) Operate approximately 1,784 managed pubs, bars, and restaurants across the UK, Mitchells & Butlers’ brands include All Bar One, Harvester, Toby Carvery, and Miller & Carter. In the 15 weeks leading up to January 11, 2025, the company reported a 3.9% increase in like-for-like sales, attributed to strong festive demand, despite challenges posed by adverse weather conditions.
J D Wetherspoon plc (JDW)
J D Wetherspoon plc (JDW) was ounded in 1979, J D Wetherspoon operates over 800 pubs and 56 hotels across the UK and Ireland. Known for converting unconventional premises into pubs, the company has seen food sales grow to 38% of its total revenue, reflecting changing consumer habits.
Marston’s plc (MARS)
Marston’s plc (MARS) has a history dating back to 1834, Marston’s operates over 1,350 pubs and bars across England and Wales. In July 2024, the company sold its 40% stake in Carlsberg Marston’s Brewing Company to focus on its core pub business.
Young & Co.’s Brewery plc (YNGN)
Young & Co.’s Brewery plc (YNGN) operating around 278 pubs, including 55 with accommodations, Young’s focuses on managed houses offering food, drink, and lodging. The company is known for its premium offerings and significant presence in London and the South of England.
Fuller, Smith & Turner plc (FSTA)
Fuller, Smith & Turner plc (FSTA) specializes in premium pubs and hotels, Fuller’s is renowned for its inviting establishments and fresh food offerings. The company continues to expand its portfolio, focusing on quality and customer experience.
Investors interested in this sector should consider factors such as cost pressures, changing consumer behaviors, and individual company strategies when evaluating potential investments.
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