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United Kingdom

Greene King PLC (GNK.L)

GNK.L on London Stock Exchange

674.00GBp
22 Mar 2019
Change (% chg)

6.00 (+0.90%)
Prev Close
668.00
Open
670.20
Day's High
677.40
Day's Low
667.64
Volume
653,802
Avg. Vol
955,062
52-wk High
680.00
52-wk Low
454.00

Latest Key Developments (Source: Significant Developments)

Greene King Says LFL Sales In Last Two Weeks Up 10.9 Pct
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - Greene King PLC ::CHRISTMAS TRADING UPDATE.AFTER 36 WEEKS OF OUR FINANCIAL YEAR, PUB COMPANY LIKE-FOR-LIKE (LFL) SALES WERE UP 3.2%.LFL SALES IN LAST TWO WEEKS, COVERING CHRISTMAS AND NEW YEAR, WERE UP 10.9%.COST MITIGATION PROGRAMME IS ON TRACK TO LIMIT NET COST INFLATION TO £10-20M IN YEAR.REMAIN CONFIDENT OF OUR OUTLOOK FOR FINANCIAL YEAR.REMAINING ON COURSE TO DISPOSE OF 100-110 PUBS AND OPEN AROUND NINE NEW PUBS IN FINANCIAL YEAR.WHILE ONGOING UNCERTAINTY AROUND BREXIT MAY STILL HAVE AN IMPACT ON CONSUMER CONFIDENCE AND SPENDING DURING YEAR.BOUGHT BACK £62M OF SPIRIT A5 BONDS TO DATE.  Full Article

Greene King Says Putting Contingency Plans In Place In Event Of A "No Deal" Brexit
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Greene King PLC ::H1 REVENUE 1.051 BILLION STG.HY LFL SALES IN PUB COMPANY WERE UP 2.9%.HY PUB PARTNERS AND BREWING & BRANDS PERFORMING IN LINE WITH EXPECTATIONS.QTRLY CHRISTMAS BOOKINGS WELL AHEAD OF LAST YEAR.REMAIN ON TRACK TO LIMIT FULL YEAR NET COST INFLATION TO £10-20M.HY TOTAL REVENUE £1,051.2M VERSUS £1,031.4M.SAYS "ONGOING UNCERTAINTY AROUND BREXIT MAY IMPACT ON CONSUMER CONFIDENCE".PUTTING CONTINGENCY PLANS IN PLACE IN EVENT OF A "NO DEAL" BREXIT TO MITIGATE POTENTIAL DISRUPTION TO BUSINESS.CONTINUE TO MONITOR PROGRESS OF BREXIT NEGOTIATIONS AND HAVE IDENTIFIED KEY AREAS OF RISK TO BUSINESS FROM A "NO DEAL" OUTCOME.WORKING CLOSELY WITH SUPPLY CHAIN PARTNERS TO SAFEGUARD CONTINUED SUPPLY OF GOODS TO OUR PUBS AND BREWERIES.HAVE RELATIVELY SMALL PERCENTAGE OF WORKFORCE WHO ARE NON-UK EU NATIONALS.TAKING STEPS TO ENSURE NON-UK EU NATIONALS EMPLOYEES HAVE FULL SUPPORT THROUGH PERIOD OF UNCERTAINTY.  Full Article

Greene King On Track To Dispose 100-110 Pubs This Year
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Greene King PLC ::TRADING UPDATE.LIKE-FOR-LIKE SALES UP 2.8% FOR FIRST 18 WEEKS OF YEAR.REMAIN ON COURSE TO DISPOSE OF 100-110 PUBS THIS YEAR AND EXPECT TO OPEN AROUND NINE NEW PUBS..LIKE-FOR-LIKE SALES GROWTH OVER LAST 10 WEEKS WAS 3.2%.COST MITIGATION PROGRAMME TO HELP OFFSET GROSS COST INFLATION OF C.£45-50M IS ON TRACK.MAKING GOOD PROGRESS WITH REFINANCING PROGRAMME, WHICH WILL REDUCE COST OF DEBT AND INCREASE FLEXIBILITY.QTRLY GREENE KING BRANDED LOCAL PUBS TRADED PARTICULARLY WELL WITH LFL SALES OF +5.5%.LFL NET PROFIT IN PUB PARTNERS WAS -0.4% AFTER 16 WEEKS, IMPACTED BY TIMING OF HIGHER OVERHEAD COSTS.  Full Article

Greene King FY Revenue Fell 1.8 Pct To 2.177 Bln Stg
Thursday, 28 Jun 2018 

June 28 (Reuters) - Greene King PLC ::FY REVENUE FELL 1.8 PERCENT TO 2.177 BILLION STG.FY PRETAX PROFIT ROSE 6.8 PERCENT TO 197.5 MILLION STG.FINAL DIVIDEND 24.4 PENCEPER SHARE.TOTAL DIVIDEND 33.2 PENCEPER SHARE.FY PUB PARTNERS LFL NET PROFIT +0.4%.FY PUB COMPANY LIKE-FOR-LIKE (LFL) SALES -1.2% EXCLUDING IMPACT OF SNOW.FY DIVIDEND PER SHARE 3 OF 33.2P.PUB COMPANY LFL SALES +2.2% OVER LAST EIGHT WEEKS.FY BREWING & BRANDS REVENUE £215.1 MILLION VERSUS £200.3 MILLION.EXPECT TRADING ENVIRONMENT TO REMAIN CHALLENGING FOR SOME TIME.  Full Article

Greene King Says Pub Company Like-For-Like Sales Of 1.8 Pct
Thursday, 12 Apr 2018 

April 12 (Reuters) - Greene King PLC ::PUB COMPANY LIKE-FOR-LIKE (LFL) SALES FOR 49 WEEKS TO 8 TH APRIL WERE -1.8%.SAYS AFTER 48 WEEKS, LFL NET PROFIT IN PUB PARTNERS WAS -0.3%.TRADING OVER EASTER WAS STRONG WITH LFL SALES UP 2.8% AGAINST EASTER WEEKEND LAST YEAR, HELPED BY STRONG SPORTING FIXTURES.REMAIN ON TRACK TO DELIVER TARGETED COST SAVINGS OF £40-45 MILLION.EXPECT FULL YEAR PROFIT BEFORE TAX AND EXCEPTIONALS TO BE IN RANGE OF £240-245 MILLION.WILL COMPLETE EXIT FROM FAYRE & SQUARE BY FINANCIAL YEAR END; OPENED NINE NEW PUBS OVER YEAR.FOR THE 49 WEEKS PERIOD, OWN-BREWED VOLUMES IN BREWING & BRANDS WERE -0.7PCT.  Full Article

Greene King says HY group pre-tax profit down 8.0 pct
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Greene King Plc ::INTERIM DIVIDEND 8.8 PENCEPER SHARE.HALF YEAR REVENUE FELL 1.2 PERCENT TO 1.031 BILLION STG.PUB COMPANY LIKE FOR LIKE SALES -1.4% FOR HY​.SAYS ‍HY GROUP PROFIT BEFORE TAX AND EXCEPTIONAL AND NON-UNDERLYING ITEMS 127.9 MILLION STG, DOWN 8.0%​.SAYS ‍BOARD HAS DECLARED AN INTERIM DIVIDEND OF 8.8 PENCE PER SHARE, WHICH IS IN LINE WITH LAST YEAR​.SEES FY 2017/18 TOTAL GROSS COST INFLATION OF AROUND £60M, AFTER OUR COST MITIGATION PLANS OF £40-45M.‍ANTICIPATE SPENDING OF £125M-140M FOR FINANCIAL YEAR 2017/18​.  Full Article

UPDATE 2-Gin, coffee sales give Wetherspoon Christmas cheer

* Labour costs is major factor for rising expenses - CEO (Adds CEO quotes, shares, details)