Greene King beer sales experience dip

17 September, 2010

Greene King saw a slump in beer sales in July and August.

The company told shareholders at its annual general meeting that in the 18 weeks leading up to September 5, the company’s own-brewed volumes were down 4.6% compared with 10% growth in the same period last year.

July and August sales are described as “very weak” but Greene King is still outperforming a falling beer market.

“Overall, operating profit, cash flow and the balance sheet are strong, and in line with our expectations,” the company stated.

“The economic and consumer environment remains uncertain as a number of significant headwinds, including public sector cuts, benefits reform and the impending VAT rise, are likely to affect future household spending.

“However, we are confident of delivering another successful year, continuing to expand our retail businesses and invest in our brands to generate market share gains.”




Bookmark this


Site Search

COMMENT

Donald Trump: the US has much to learn from history

The reasons Donald Trump should not be left in charge of a shopping trolley, let alone the keys to the White House, are plentiful and well-documented – from his use of the word “bigly” and lamentable business legacy to his dubious post-modern feminist principles, quite astonishing lack of political acumen and, most worrying of all, his bewildering hair. 

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter