Festive sales buoy seasonal growth at Greene King

Record Christmas Day trading underpinned growth in like-for-like sales at pub retailer Greene King, according to the group's interim management statement for the 36 weeks to January 6th 2013.

Record Christmas Day trading underpinned growth in like-for-like sales at pub retailer Greene King, according to the group's interim management statement for the 36 weeks to January 6th 2013.

Some 448,000 Christmas meals were served in Greene King outlets contributing to Christmas Day sales of £2.7m, a 6.8% increase on the previous year's results for the same day, the results disclosed.

Total sales in Greene King Retail, the group's largest business, were up 9.5% after 36 weeks, with like-for-like sales growth of 3.7%. Like-for-like growth in the last six weeks was 2.8%, following 8.8% growth in the comparative period last year.

The average earnings before interest tax depreciation and amortisation (EBITDA) per pub in Pub Partners was also up 4.2%.

Anand: Pubs play 'vital role' for communitiesRooney Anand, Chief Executive Officer of Greene King, commented: "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."

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021
Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Bitcoin: fool’s gold or the new gold?
Bitcoin

Bitcoin: fool’s gold or the new gold?

With bitcoin hitting new highs last week, and close to becoming a mainstream investment, is it really gold for the 21st century?
15 Jan 2021