Partly Cloudy

Partly Cloudy

max temp: 20°C

min temp: 15°C

Search

Bury St Edmunds: Greene King reports strong trading for the festive period after a record-breaking Christmas Day

11:19 13 January 2014

Rooney Anand, chief executive of Greene King

Rooney Anand, chief executive of Greene King

ADAM SMYTH PHOTOGRAPER

Pubs and brewing group Greene King today reported “very strong” trading over the festive period, with its pubs serving up a record 62,000 meals on Christmas Day.

Greene King’s key retail pubs division saw like-for-like (LFL) sales grow by 5.0% in the six weeks to January 5, taking the increase for the 36 weeks of the company’s financial year so far to 3.8%.

In an interim management statement, the Bury St Edmunds-based group added that average earnings per pub in its leased, tenanted and franchised division were up 5.6% while core own-brewed volumes within its brewing division were 5.8% higher for the year-to-date and 20% up over the last six weeks.

Chief executive Rooney Anand said: “Trading over the important Christmas and New Year period has been very strong with all of our businesses performing well, driven by the strength of our seasonal offers and our continued focus on delivering industry-leading value, service and quality to our customers.

“Our teams have excelled this festive period, particularly in terms of delivering great customer experiences, and this has helped us deliver record-breaking achievements.

“Retail LFL sales over the two most important trading weeks of the year were up over 6% and we sold a record 62,000 meals on Christmas Day.

“This drove record retail sales on Christmas Day of £3.1m, up over 12% on the previous year. New Year’s Eve was also very strong with retail sales up 10% to £4.5m.”

Total sales within the retail division, the largest and fastest-growing part of the group, were up 8.2% after 36 weeks. Over the last six weeks, food increased its share of the sales mix with LFL growth of 5.8% with room LFL sales up 12.5% and drink LFL sales up 3.9%.

In addition to the continued strong underlying growth, Greene King has also now added a net 28 new sites to its retail estate in the year-to-date and, with the division’s retail margin remaining strong, it now expects its results for the full year to be slightly ahead of last year.

Greene King said that the disposal programme within its leased, tenanted and franchised pubs business was on track with 81 non-core sites sold in the year-to-date.

The performance of the brewing business was driven by a strong sales in the take-home market, with Old Speckled Hen, the UK’s leading premium ale brand, up by more than 15% in the year-to-date, it added.

Looking ahead, Mr Anand said: “Overall, our expectations for profit, cashflow and our balance sheet are unchanged and we remain confident that we will continue to provide growth in earnings and dividends, and improving returns, to our shareholders.

2 comments

  • Imagine how well they'd do if they actually brewed any beers worth drinking.

    Report this comment

    beerlover

    Monday, January 13, 2014

  • quite right beerlover. I haven't drunk a drop of any of their beers, including Ruddles, Ridleys, Morlands, Hardy and Hansons or Belhaven since 2006. Mainly in protest at the destruction of over a century of brewing tradition and great beer in Nottingham where I enjoyed copious amounts of it over 3 wonderful years at University. But mainly because everything they brew now is a pale shadow of what it used to be like, and IPA has to be the worst beer on the planet. Give me Harveys, Adnams or Tim Taylor any day of the week.

    Report this comment

    Tom Jeffries

    Monday, January 13, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

Bury St Edmunds Magistrates' Court

A driver who “chased” a red Suzuki around Ipswich town centre causing pedestrians to take evasive action has been allowed to keep his licence.

Average speed cameras on the A14 by the Orwell Bridge.

More than 50 drivers a day have been caught speeding over the Orwell Bridge since the average speed cameras became operational in July.

A couple have taken some unusual selfies with the Pigs Gone Wild, posing up snaps with Lego figures

Newlyweds Sarah and Mike Richards have taken some unusual selfies with the Pigs Gone Wild – using a pair of Lego minifigures that topped their wedding cake.

David Cocks, executive chairman of Anglian Radio.

Suffolk local radio pioneer David Cocks has died suddenly.

An aerial photograph of Parham Airfield, taken in 2012. Photo: Mike Page.

An investigation has been launched into the death of a man who was found electrocuted after an industrial accident at Parham Airfield.

67-year-old Danny Drive will be taking part in Suffolk Historic Church Bike Ride on his 1949 Raleigh cycle.

When he takes to the roads in a charity bike ride next month, cyclist Danny Driver is expecting to stand out amongst the sea of high tech bicycles and Lycra.

Police at the scene near the River Stour in Sudbury.

The body of an older man has been recovered from the River Stour in Sudbury.

Tom Lawrence

With the end of the emergency loan windows it looks as though football clubs up and down Britain will be in for a busier-than-usual transfer deadline day.

Ipswich Crown Court where Troy Williams was today cleared of robbery

A Colchester teenager who claimed he was a victim of mistaken identity has been cleared of being part of a gang which robbed a man of his mobile phone at knifepoint.

New National Heritage Centre in Newmarket

To mark 350 years since the historic return of King Charles II to Newmarket, the town will open its new National Heritage Centre for Horeseracing and Sporting Art on September 19.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24