Tag Archives: Stephen Goodyear

Young’s pubs sell a million pints of craft beer in six months

Craft beer taps at the Narrow Boat in Islington, a Young's pub
Craft beer taps at the Narrow Boat in Islington, a Young’s pub

One fascinating statistic popped up when I was talking to Stephen Goodyear, chief executive of Young’s, this week for the day job: Young’s pubs sold a million pints of craft beer in the six months to September 29 this year.

That’s “craft beer” defined as “kegged beers made by small brewers”, in Young’s case, pretty much Meantime and Camden Brewery. To save you working it out, across Young’s 240 or so pubs, that’s equal to not quite two 50-litre kegs a week per pub of beers such as Camden Hells Lager and Meantime London Pale Ale. Since quite a few Young’s pubs don’t sell draught craft, that probably means those that do are indeed getting through two kegs a week or more. It’s also the equivalent of 7,000 barrels a year – there are plenty of small breweries in the UK that don’t even brew that much on their own.

Is that making any difference to Young’s cask ale sales? Well, according to Goodyear, cask-conditioned beer is still around 25 per cent of the total beer sold in Young’s pubs, which is considerably higher than the national average of 16 per cent (more than half as much again, in fact). Some of that is cask beer from other people, but beer branded “Young’s” as a proportion of that is about four to one. So 20% of draught volume in Young’s pubs is still Young’s beers: Special, Ordinary, Winter Warmer and the like.

Not, of course, that Young’s brews those beers any more: since it cashed in on the value of the brewery site in the heart of Wandsworth, they’ve been brewed in Bedford, by Charles Wells. But Goodyear was adamant that having a Young’s beer offer, even if the company still doesn’t brew the beer itself, is still “very important: Young’s beer has been in Young’s pubs for the thick end of 200 years and we always want to keep that going. Wells have done a great job brewing the beers, and I think it’s better than it’s ever been, frankly.”

Not, I’m sure, that many of the more Taliban-esque Camra members will agree, but haters gotta hate, and since the demise of Whitbread, Watney’s and the rest, Camra’s tiny minority of haters have turned to hating the big family brewers who were once the heroes, such as Fuller’s and Wells. Fortunately, they make no difference to the success of a company such as Young’s, which runs some of my personal favourite pubs and sells some of my personal favourite beers, and which saw revenues for the 26 weeks to 29 September up 7.8% in total, to £116.6m, and up 6.9% on a like-for-like basis.