Greene King reducing its estate

Greene King's (GNK) full-year results were aided by the dual boost of the World Cup and exceptionally warm weather last summer. Pub company sales were up 1.8 per cent to £1.8bn, while like-for-like revenue increased by 2.9 per cent. All this was achieved against a contracting estate, with the number of pubs trading falling from 1,754 to 1,711. As part of the reduction in locations, Greene King has also consolidated some of its brands. Managed pubs now operate under four key brands – being Greene King Locals, Chef & Brewer, Farmhouse Inns and Hungry Horse – down from the 14 brands it operated in 2015.