Greene King sales have topped a £1bn for the first time in the company’s 212 year history. The company’s latest annual results reveal that total revenues rose 6%, driven by a rising demand for pub meals. This led to a 14% rise in pre-tax profits to £140m.
Greene King’s chief executive, Rooney Anand. although reporting positive figures and revealing plans to add 2,500 pubs and restaurants to its portfolio was not however in a bullish mood. He commented, “The UK economy continues to face inflationary pressures, impacting on both our customers’ spending power and our cost base, and the impact of the government’s cutbacks is still to take full effect.”