logo-loader
viewGreene King

Greene King hails festive food record

food350_50f3c6e0720e2.jpg

 

 

Brewer Greene King (LON:GNK) hailed a record-breaking Christmas as more punters sat down for some pub grub over the festive season.

Like-for-like sales in the 36 weeks to January 6 rose 3.7%, with underlying food sales up over 4%.

Sales on Christmas Day were £2.7mln, up almost 7%, while during the whole of December it sold 448,000 meals, another record for the company.

The FTSE 250 pub operator tempered expectations though when it claimed that conditions in the UK consumer environment will not pick up in 2013.

“While this presents ongoing challenges for all consumer-facing businesses, we are confident that our strategy, tailored to the prevailing conditions, and our consistent focus on providing excellent value, service and quality to our customers, will continue to deliver sustainable earnings and dividend growth to our shareholders,” a statement read.

Rooney Anand, Greene King’s chief executive, added that the company’s strong momentum has been maintained over the last six weeks.

“We achieved record sales through Christmas and the New Year as our teams once again delivered excellent value, service and quality to our customers,” he said.

Shares edged up 0.7% to 653p on the news.

 

 

Quick facts: Greene King

Price: 849 GBX

LSE:GNK
Market: LSE
Market Cap: £2.63 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Adamas Finance Asia issues first corporate bond & takes...

Suresh Withana from Harmony Capital, the investment advisers to Adamas Finance Asia Limited (LON:ADAM), updates Proactive London's Andrew Scott since announcing their first bond issue as well as the news they're to acquire a 40% interest in Infinity TNP, a newly formed subsidiary of...

2 hours, 23 minutes ago

RNS

Form 8.3 - [Greene King PLC]

3 hours, 48 minutes ago

FORM 8.3 - GREENE KING PLC

16 hours, 34 minutes ago

Form 8.3 - Greene King PLC

19 hours, 18 minutes ago

Form 8.3 - Greene King plc

19 hours, 22 minutes ago

Form 8.3 - Greene King plc

19 hours, 28 minutes ago

Form 8.3 - Greene King plc

19 hours, 30 minutes ago

Form 8.5 (EPT/RI) - Greene King Plc

22 hours, 48 minutes ago

2 min read