Greene King posts record retail revenue of over £1b

Pub company and brewer Greene King has today posted record revenue and sales figures, with retail revenue reaching in excess of £1b for the first time.

In its full year 52-week results, the company's group revenue increased 5% to £1.3b, while like-for-like retail sales were up 0.4%. Its pub partners business saw net like-for-like growth of 3.5%, while brewing and brands own brewed volume was up 4.2%.

The results come just days after the pub giant acquired Spirit Pub Company for £774m, in a deal announced on 23 June.

Rooney Anand, chief executive officer of Greene King, commented that the company had achieved a record year in a challenging trading environment,
saying: "It has been another excellent year of hard work and achievement and we have delivered strong sales and strong returns. Strategically, we have made exciting progress with the recent acquisition of Spirit Pub Company, and by combining the best brands, people, locations and processes, I am sure we will succeed in this competitive market for the long term."

Founded in 1799, Greene King now operates over 3,100 pubs, restaurants and hotels across England, Wales and Scotland, including 1,800 managed venues. It has over 1,000 sites in London and the South East, and also owns the restaurant and pub brands Hungry Horse, Old English Inns, Eating Inn, and Loch Fyne Seafood and Grill.

Via its acquisition of Spirit, it now controls over 1,200 more pubs, including managed and leased, across brands Fayre & Square, Chef & Brewer and Flaming Grill.

It also brews ale, across brands such as Greene King IPA, and Old Speckled Hen.

Greene King confirms bid for Spirit >>
Greene King's takeover of Spirit expected to be completed within days >>

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