Greene King's blames slow Christmas sales on snow
Pub company Greene King has blamed like-for-like sales growth of 1.6% for the two weeks covering Christmas and New Year's Eve on "snow impact".
Greene King estimated that without snowy conditions it would have seen sales of 3.4%. However, despite the adverse weather it achieved total sales of £7.6m, up 2.6% on Christmas 2016.
For the 37 weeks to 14 January Greene King's like-for-like sales were down 1.4% with drink and room sales ahead of the period prior, while food sales remained behind.
The report stated that Greene King "remain on track to deliver targeted cost savings of £40-45m" in 2018/19 and deliver returns of 25%.
The pub chain opened six new sites and disposed of 40 during the period.
Greene King operates 2,903 pubs, restaurants and hotels across England, Wales and Scotland.
Poor weather worsens trade for Greene King >>
Greene King sees like-for-like sales rise 1.5% >>
Greene King's managed pubs endure "challenging" first half >>
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