Revenue

Sector could recoup Covid losses through optimising payment strategies

25-Apr-2022 By Amelie Maurice-Jones

The hospitality sector could see significant gains by optimising its payment strategies and providers, according to a new report by emerchantpay.

No delivery from Calor Gas forces pub to close

07-Mar-2022 By Amelie Maurice-Jones

A Kent pub was forced to close for a few days after Calor Gas failed to top up gas levels, which the managing director of the pub group has claimed was “not forgivable”.

Carlsberg UK volumes down 7% in first half of 2017

17-Aug-2017 By James Wallin, MCA

Carlsberg has reported UK volumes down 7% in H1 2017, which it blamed on tough comparatives with Euro 2016.

pubs code

MRO quote plea from 24 Greene King licensees

30-Nov-2016 By Michelle Perrett

Greene King has revealed that 24 licensees requested a quote for the market rent-only option (MRO) in the first three months of the pubs code.

Food

Food sales at ten year high, reports ALMR

22-Sep-2016 By Finn Scott-Delaney, MCA

Food sales among multiple operators of licensed premises are at a 10-year high, according to a comprehensive annual survey by the Association of Licensed Multiple Retailers (ALMR).

Greene King issues Brexit warning despite growth

29-Jun-2016 By Oli Gross

Greene King has warned licensees that consumer confidence may be affected by Brexit, after reporting strong financial results in a ‘transformational year’ for the pubco.

Operator news

Spirit reveals profit rise

29-Apr-2015 By Mark Wingett, M&C Allegra

Spirit Pub Company, which is set to become part of Greene King, has this morning reported a 1.5% increase in like-for-like sales across its managed division, with net sales up 4.5% and EBITDA up by 6% to £59.8m.

Greene King reports half-year revenue growth

04-Dec-2014 By James Wallin, M&C Report

Greene King has reported revenue growth of 5.3% across its retained business to £613.1m with profit before tax up 3% for the 24 weeks to 19 October.

Enterprise converting failing pubs into shops

19-Nov-2014 By James Wallin, M&C Report

Enterprise Inns has revealed it has converted 22 pubs to convenience stores and will continue to look at this operating model as an alternative to disposals.

Growth in drink sales outstrips food as Spirit reports positive results

04-Sep-2014 By John Harrington, M&C Report

Spirit Pub Company has reported a 2.1% rise in like-for-like net sales in its managed arm for the 12 weeks to 16 August, with net income growth in the leased division accelerating to +4.8%.

World Cup lifts ABInBev sales

01-Aug-2014 By John Harrington

ABInBev, the Stella Artois and Budweiser brewer, saw UK sales of its drinks grow 13.5% in Q2 2014, due to ”strong World Cup volumes”.

Greene King delivers record full-year results

03-Jul-2014 By John Harrington

Greene King, the brewer and pub operator, has reported a 9.4% rise in pre-tax profits to £173.1m in the 53 weeks to 4 May, with the company saying it has now delivered four years of record results.

Spirit reports managed pubs sales rise

05-Sep-2013 By John Harrington

Spirit Pub Company has reported a 4.1% rise in like-for-like net sales in its managed division in the 12 weeks to 17 August and improving trends in its leased estate.

Spirit Pub Company sales on track despite tough trading

19-Jun-2013 By Mark Wingett

Spirit Pub Company has reported a 2.6% rise in like-for-like sales across its managed estate for the six weeks to 25 May, a performance that bounced back after a 3.8% decline in the proceeding six weeks, which it said was impacted by an “an exceptionally...

Magners cider producer C&C Group reports falling UK volumes

16-May-2013 By Mark Wingett

C&C Group, the Irish producer of Magners cider, has reported a resilient performance for the year to 28 February despite a 15% decline in UK cider volumes in what it describes as a difficult trading environment in the UK and Republic of Ireland.

Enterprise Inns reports "challenging" first half of the year

14-May-2013 By Mark Wingett

Enterprise Inns has reported that the first half of its financial year had been “particularly challenging” with like-for-like net income across its estate down 4.2% in the six months to 31 March.

Whitbread total revenue exceeds £2bn

30-Apr-2013 By John Harrington

Whitbread, the leisure operator, saw total revenue exceed £2bn in the year to 28 February.

Spirit Pub Company reports 1.4% rise in like-for-like sales in managed division

25-Apr-2013 By John Harrington

Spirit Pub Company has reported a 1.4% rise in like-for-like sales in its managed division in the 28 weeks to 2 March 2013, with like-for-like net income in its leased estate down 2.9%.

Punch Taverns reports improving trends

05-Apr-2013 By John Harrington

Punch Taverns, the tenanted and leased pub operator, has reported another quarter of improved trends in the business, although profits, revenue and EBITDA all declined across the 28 weeks to 2 March 2013.

Mitchells and Butlers reports like-for-like sales increase

27-Nov-2012 By John Harrington

Mitchells & Butlers (M&B), the managed operator, has reported a 2.1% rise in like-for-like sales in the year to 29 September, a year in which the company said it has initiated "significant cultural change".

Booker to buy Makro for £139m

30-May-2012 By Mark Wingett, M&C Report

Booker, the food and drink wholesaler, has announced it has reached an agreement to acquire from Metro AG its UK wholesale operation Makro, for £139m.

Magners revenue grows in the UK

16-May-2012 By John Harrington, M&C Report

C&C Group, the Irish producer of Magners cider and Tennents lager, has reported a full-year growth in Magners revenue in Britain for the first time in five years, thanks to new variants of the brand.

Minimum pricing ‘would earn industry £850m per year'

27-Mar-2012 By John Harrington, M&C Report

The alcohol industry would earn £850m per year if the Government goes ahead with plans to introduce a minimum alcohol unit price of 40p, according to research form the Institute for Fiscal Studies (IFS).

Sceptre reports drop in revenue

15-Dec-2011 By Mark Wingett

Sceptre Leisure, the amusement and gaming machines supplier, has reported a drop in revenue for the six months to 31 October, but said that it continued to trade “robustly”.

Greene King revenues pass £0.5bn

01-Dec-2011 By John Harrington

Greene King, the brewer and pub operator, has reported H1 revenues of more than half a billion pounds for the first time, with the managed division and food sales in particular being credited for the growth.

M&B reports 34th consecutive quarter of growth

27-Sep-2011 By Ewan Turney

Managed pub operator Mitchells & Butlers (M&B) — a takeover target for Bermudan billionaire Joe Lewis — has reported its 34th consecutive quarter of like-for-like growth.

Brakes’ parent losses up 37%

19-Sep-2011 By John Harrington, M&C Report

Cucina Lux, the parent company of foodservice supplier Brakes, saw losses increase 37% in 2010, with UK operating profits before exceptional items down 20.3% as sales growth slowed.

Sceptre: profits at lower end of expectations

26-Jul-2011 By Ewan Turney

AWP supplier Sceptre Leisure is in "great financial health" despite full-year profits being at the lower end of expectations.

Eclectic Clubs & Bars: revenues up, earnings slip

16-Mar-2011 By John Harrington, M&C Report

Eclectic Clubs & Bars, the Avanti Capital-backed late night operator, has reported a 6% growth in revenue for the second half of 2010 despite a...

Luminar sales down 18.6%

15-Mar-2011 By Mark Wingett, M&C Report

Luminar, the embattled nightclub group, has this morning reported same outlet sales down 18.6% for the year to 26 February 2011, driven by a...

Demand high for pubs with accommodation

02-Feb-2011 By Matt Eley Matt

Pubs have been warned they could be missing out on thousands of pounds of business by failing to provide accommodation for guests. Tourism and...

Pubs sell 333 million fewer pints year-on-year

25-Jan-2011 By James Wilmore

Pubs last year sold 333 million pints fewer than they did in 2009, while off-trade beer sales rose slightly, latest figures have revealed. Overall...

Trade soars at Beds & Bars

15-Mar-2010 By The PMA Team

Beds & Bars, the hostel and bar operator led by Keith Knowles, has reported a circa 30% rise in turnover in its most recent financial year. The...

M&B reports a robust performance

26-Nov-2009 By The PMA Team

Managed pub company Mitchells & Butlers has reported a "robust" performance in challenging conditions for the year to 26 September. Like-for-like...

Irish pub trade in 'freefall'

02-Nov-2009 By Ewan Turney

Over 1,500 pubs, clubs and restaurants have closed in Ireland over the past five years costing thousands of jobs, according to a new survey.

Shepherd Neame to sell 35 bottom end pubs in estate re-jig

07-Oct-2009 By Hamish Champ

Kent brewer and pub operator Shepherd Neame is looking to sell nearly 10 per cent of its estate - 35 sites - to focus on its better performing...

Profits slide at Shepherd Neame

07-Oct-2009 By Ewan Turney

Kent brewer and operator Shepherd Neame has reported a 24.6% drop in operating profit as it faced "one of the most challenging and difficult years"...

London Town: revenues broadly unchanged

25-Sep-2009 By The PMA Team

London Town, the AIM-listed pub operator, London Town has reported revenues for the six months to 28 June are "broadly unchanged" at £13.6m.  ...

Greene King 'cautiously optimistic'

02-Jul-2009 By Ewan Turney

Greene King is looking forward with "cautious optimism" after a 1.3% rise in revenue to £942.3m for the 52 weeks to 3 May. Operating profit dipped...

Carlsberg: organic volumes down 8% in Europe

06-May-2009 By Ewan Turney

Carlsberg saw organic beer volumes drop by 8% in northern and western Europe for the three months to 31 March. The Danish brewer said that reported...

MPs to investigate duty impact on wine and spirits

13-Feb-2009 By Ewan Turney

A group of MPs have launched an inquiry into the impact of last year's bumper duty rises and the potential duty escalator rise on wine and spirits....

Eight per cent income slump for Enterprise Inns pubs

22-Jan-2009 By Hamish Champ

Enterprise Inns has reported an eight per cent fall in pub net income across its estate in the 16 weeks to January 17, 2009, with rental revenue down...

UK is worst market for Carlsberg

05-Nov-2008 By Ewan Turney

The UK market was the only market to record net revenues below last year for Carlsberg. The Danish brewer said that "the toughening market...

The Restaurant Group reveals sales increase

05-Mar-2008 By Ewan Turney

Restaurant and pub operator The Restaurant Group has revealed a 5.5% increase in like-for-like sales on last year. The company, which acquired the...

Bingo operator hit by smoking ban

15-Oct-2007 By Hamish Champ

The smoking ban has hit earnings at the one of the country's largest bingo hall operators.Rank Group, which operates Mecca Bingo halls, announced a...

Smoke ban hits wet sales in bars

19-Sep-2007 By James Wilmore

Wet sales have fallen in a third of style bars since the smoking ban, a survey by The Publican's sister magazine Theme has revealed. The worrying...

Analyst claims Punch needs more from Mill House

09-May-2007 By The PMA Team

City analyst claims Punch Taverns' acquisition of Mill House Inns has been disappointing in its first 24 weeks

Pubs urged to be less modest with profit margins

18-Apr-2007 By Lucy Britner

Pubs are being encouraged to be less modest with their profit margins post smoking ban. With dining out set to increase further after 1 July,...

Pubs must innovate to beat ban, say analysts

19-Feb-2007

Pubs must innovate their offer to mitigate against the short-term loss of earnings expected after smoking is banned. They should also develop an...

LETTERs

23-Nov-2006

Targeting of trade is unfair I write in response to the MA's front page article of 16 November, Revenue slammed over swoop tactics. Now let's apply...