Wednesday, January 16, 2013

Greene King Tipped for Growth as Christmas Day Diners Boost Brewer

Belhaven brewer Greene King toasted record Christmas Day takings as customers chose to eat out last year, making up for a dip in sales of its beers.

Date:

Tue, 15 Jan 2013

Source:

Scotsman

Analysts tipped the hospitality group for further growth after it said in a trading update yesterday that like-for-like sales jumped by 3.7 per cent in the first three quarters of its financial year according to the Scotsman.

The firm ? which owns chains including Hungry Horse and Loch Fyne restaurants along with the Belhaven brewery in Dunbar ? opened 85 per cent of its 2,300 pubs on 25 December. That helped it build on last year?s record with a 6.8 per cent increase in takings for the day, to ?2.7 million.

It sold 448,000 Christmas meals during December, helping food sales add 4.1 per cent in the 36 weeks to 6 January.

Beer volumes from the firm?s brewing and brands division fell 2 per cent in the period, which it said was a smaller decline than that suffered by the UK ale market as a whole.
Its two leading ales, Greene King IPA and Old Speckled Hen, were both ahead of last year following a marketing campaign.

Read the full article here.

Source: http://www.scotlandfoodanddrink.org/news/article-info/4161/greene-king-tipped-for-growth-as-christmas-day-diners-boost-brewer.aspx

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