Pub owners Greene King cheers a record Christmas day

  • Owner of Hungry Horse saw sales tumble in the 9 months to Jan 14
  • Company blamed tough marketplace conditions and complicated sleet for its struggles

Louise Hill For This Is Money

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Greene King reported a tumble in sales over the 9 months to 14 Jan this year, blaming sleet in Dec for a unemployment at the finish of 2017.

The firm, which owns the Chef and Brewer and Hungry Horse pubs, saw like-for-like sales in its pub business tumble 1.4 per cent over the period. 

Food sales dragged down sales the many but splash sales managed to stay forward of the year formerly the organisation said.

For the two-week duration covering Christmas and New Year, however, the organisation managed to boost sales by 2.6 per cent up to £7.6 million with 154,000 dishes sole on the big day itself.

Greene King was founded in 1799 and how employs some-more than 40,000 workers opposite Britain.

Greene King was founded in 1799 and how employs some-more than 40,000 workers opposite Britain.

Greene King was founded in 1799 and how employs some-more than 40,000 workers opposite Britain.

Outside of the gratifying duration Greene King blamed a ‘tough underlying trade environment’ with punters spending reduction and reduction on a pint at the pub, aloft staff costs and complicated sleet for its struggles to keep sales up. 

In a trade refurbish currently the organisation said: ‘We sojourn on lane to broach targeted cost assets of £40-45m this year and the code optimisation programme continues to broach appealing earnings of 25%. 

‘Both the new build and ordering programmes are also on lane with 6 new sites non-stop and 40 disposals finished in the year-to-date.’

Greene King runs 2,903 pubs, restaurants and hotels opposite England, Wales and Scotland and has 40,000 employees.

Its share cost had a flighty morning after first dropping to 515p before attack a high of 528p.

By mid-morning the cost had leveled out close to Wednesday’s shutting price.


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