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Greene King serves up tasty increase in like-for-like sales

Tue, 08th Sep 2015 07:56

(ShareCast News) - Pub operator and brewer Greene King posted an increase in like-for-like sales in the first 18 weeks of its financial year, helped by solid growth across all of its divisions.In the 18 weeks to 6 September, like-for-like retail sales climbed 1.3% year-on-year, with growth in the final 10 weeks of the period reaching a 1.9% pace.However, when stripping out the impact of new drink-driving regulations put in place in Scotland, like-for-like retail sales increased 1.8% over the 18 weeks and climbed 2.4% over the final 10 weeks.The FTSE 250 company said like-for-like sales in the Spirit-managed estate, which the group acquired earlier this year, grew 0.8% year-on-year, while like-for-like net income after 16 weeks of the financial year rose 1.1%. The same metric rose 2.% over the same period in the Pub Partners division.In the Brewing & Brands business, own-brewed volumes increased 1.7% in the 18 weeks, with good growth for its Old Speckled Hen, Greene King IPA and Abbot Ale brands, even though the division had set a tough benchmark a year earlier due to the football World Cup in 2014.Greene King shares were up 1.35% to 822.45p at 0814 BST on Tuesday.
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15 Mar 2016 11:37

BUZZ-UK Budget: Liberum latest to warn of interest tax change

** Liberum latest broker to warn a possible change in the way UK allows cos to claim tax breaks could hit highly-levered stocks ** Government looking to cap tax breaks from interest payments on debt at 10-30 pct of EBITDA. Link: http://bit.ly/1MgJSoO ** Liberum screens for stocks with

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14 Mar 2016 11:43

Greene King Vows To Take On 10,000 Apprentices By 2019

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17 Feb 2016 08:51

London leisure spend lagging provinces, says Coffer Peach Tracker

(ShareCast News) - Trading at the UK's largest restaurant food-led pub chains saw an encouraging uplift last month, despite London falling behind its provincial cousins and casual dining outperforming pubs and bars in 'dry January'. Like-like-sales for January for the 31 companies monitored in the C

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12 Feb 2016 15:35

Greene King's newest director buys in to company

(ShareCast News) - Greene King's newest director has put his money behind the company he'll chair later this year. Philip Yea joined the board last Tuesday, ahead of the retirement of chairman Tim Bridge who is due to step down in May when Yea will take up the role. Yea bought his first stake in th

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12 Feb 2016 11:57

DIRECTOR DEALINGS: Incoming Greene King Chairman Buys First Shares

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11 Feb 2016 09:37

BROKER RATINGS SUMMARY: Panmure Gordon Raises DCC To Buy After Update

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10 Feb 2016 16:22

Wednesday broker round-up

(ShareCast News) - Virgin Money: Nomura starts coverage at buy with a target of 445p. Domino's Pizza: Credit Suisse upgrades to outperform with a target price of 1100p. BBA Aviation: Goldman Sachs downgrades to neutral with 181p target. Greencore: Societe Generale reiterates hold with a 386p targe

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10 Feb 2016 11:53

IN THE KNOW: Analysts Call Greene King's Update "Reassuring"

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10 Feb 2016 07:52

Greene King's third quarter sales boosted by festive season

(ShareCast News) - Greene King has posted a strong third quarter book, boosted by strong Christmas sales. The FTSE 250 pub operator and brewer said on Wednesday that for the 40 weeks to 7 February 2016, Greene King Retail like-for-like sales were up 2.2%, with a 5% increase in sales over the two Chr

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10 Feb 2016 07:50

Greene King Sales Up In 40 Weeks With Record Trading On Christmas Day

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9 Feb 2016 07:50

Northgate Appoints Former Spirit Pub CFO As Finance Director

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5 Feb 2016 09:30

BROKER RATINGS SUMMARY: Barclays Cuts Enterprise Inns To Underweight

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3 Feb 2016 16:05

Earnings, Trading Statements Calendar - Week Ahead

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2 Feb 2016 08:12

Bridge steps down after 45 years with Greene King

(ShareCast News) - Greene King was losing its leading man on Tuesday, with the announcement that - after 45 years at the company, and 10 at the helm - Tim Bridge was stepping down as chairman. The FTSE 250 pub and brewing firm's board said Philip Yea would join the board on Tuesday as a non-executiv

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2 Feb 2016 07:55

Greene King Chairman Tim Bridge Retires, To Be Replaced By Philip Yea

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