The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Poor weather worsens trade for Greene King

08 September 2017 by

Greene King has reported a 0.9% drop in like-for-like sales due to poor weather weakening trade.

In the 18 weeks to 3 September like-for-like sales in its Pub Company managed arm were down 1.2% which it says is in line with expectations.

During the period, the Pub Company arm delivered returns in excess of 20%. Like-for-like net profit in Pub Partners was up 1.4% after 16 weeks.

Brewing & Brands own-brewed volume was down 0.5% against a UK ale market down 2.9%.

Greene King said most of the like-for-like sales decline can be attributed to value food. The report read: "We are continuing to address the challenges of the value food sector through measured capital investment to upgrade and reposition pubs and through selective disposals."

The group aims to deliver £45m of cost savings this year. It "remains cautious about the trading environment" and expects challenges of "weaker consumer confidence, increased costs and increasing competition".

Greene King was founded in 1799 and is headquartered in Bury St. Edmunds, Suffolk. At the end of April, it operated 2,924 pubs, restaurants and hotels across England, Wales and Scotland, of which 1,769 were retail pubs, restaurants and hotels, and 1,155 were tenanted, leased and franchised pubs. Its leading retail brands and formats include Greene King Local Pubs, Hungry Horse, Flaming Grill, Farmhouse Inns and Chef & Brewer.
Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking