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Record results for Greene King

03 | 07 | 13

Hospitality group Greene King has reported record financial results for the year up to April 28th. 

The company, which operates more than 2,500 restaurants, pubs and hotels across the UK, saw its operating profit increase by more than five per cent to £248.2 million. Its revenue grew by 4.8 per cent to £1.1 billion. 

Rooney Anand, Greene King chief executive, commented: "This has been another successful year with record results and further, significant progress, led by our retail business, which has delivered 12 per cent profit growth."

Food played a large part in this progress as the company looks to increase its share of the £54 billion eating out sector. Its retail food sales were up by 9.7 per cent over the course of the year to £336.9 million, compared to overall market growth of just 1.6 per cent. This means food now accounts for 40 per cent of Greene King's overall sales.

The company claimed this success is the result of adapting to meet current consumer trends, such as customisation, convenience and healthy eating. 

Visitors to many of Greene King's venues now have the option to choose how dishes such as burgers are cooked and to 'build' their own meal. Meanwhile the firm has launched a 'live well' section, which contains dishes of 700 calories or less, to its Eating Inn menu.

Greene King's success is further proof of how important the eating out market has become to the pub industry and this will be welcomed by kitchen equipment companies who can supply this growing level of demand. 

Sales of wine and coffee also proved important for the company. Wine volumes were up by 15.8 per cent and have grown by nearly two-thirds (62 per cent) in the last five years, while hot beverage sales - 75 per cent of which are coffee - increased by 6.2 per cent.

Greene King's brands include Hungry Horse, Eating Inn and Old English Inns.ADNFCR-16001031-ID-801607482-ADNFCR

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