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Greene King posts record Christmas and New Year sales

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Greene King posts record Christmas and New Year sales
Written by:

Greene King enjoyed record sales over Christmas and the New Year, as it saw like-for-like sales rise 3.7% for the 36 weeks to 6 January 2013.

Like-for-like food sales, meanwhile, were up 4.1%, while the group’s IPA and Old Speckled Hen beer brands were also ahead of last year.

Rooney Anand, chief executive, said: “Our 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.

“Pubs continue to play a vital role for customers, families and communities across the UK during the festive period, especially in this difficult financial environment. We once again achieved record Christmas bookings and strong like-for-like sales growth across Christmas and the New Year. We achieved record Christmas Day sales of £2.7m, up 6.8%, and during the whole of December, we sold 448,000 Christmas meals, another record for Greene King.”

Total sales in Greene King Retail, the company’s managed arm, were up 9.5% after 36 weeks, with like-for-like sales growth of 3.7%.

Pub Partners, Greene King’s leased business, saw average EBITDA per pub rise 4.2% over the period.

The volume of beer sold by the company over the period fell 2%, against an overall UK ale market decline of 4.2%. But sales in IPA and Old Speckled Hen rose.

Caterer and Hotelkeeper 100: Rooney Anand, Greene King >>

Strong food sales help Greene King achieve record revenue and profits >>

Greene King unearths 75-year-old Coronation Ale >>

By Neil Gerrard

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