All Hungry Horse articles – Page 2
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NewsSlower food sales hit GK FY managed lfls
Greene King saw like-for-like sales in its managed Pub Company arm fall 1.7% in the year to 29 April – with the figure at -1.2% excluding the impact of snow.
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NewsGreene King appoints PwC on Loch Fyne
Greene King has appointed advisors at PwC to oversee the sale of bulk of its Loch Fyne restaurant business
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Analysis & InsightGreater use of psychological pricing expected
The use of psychological pricing is expected to increase, as market conditions remain tough and operators try to tempt customers through their doors, according to new MCA research.
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Analysis & InsightPromotional activity up 75% in branded restaurants
Promotional activity at branded restaurants has increased by 75% in the last five years, MCA research reveals. Meanwhile promotions in pub restaurants have increased by 39% during the same period, according to a comparative study of the top 25 eating out brands in Q2 2018, with the top 13 in ...
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News
Pesto to open 11th site, in Chester
Pesto Restaurants is to open its next site in Chester, at the former Yacht Inn on Parkgate Road in Woodbank.
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NewsAnalysts corner: Greene King
Analysts at Hargreaves Lansdown have given their view on the trading update from Greene King yesterday, saying the group’s track record deserves recognition and that brand consolidation offers cause for optimism, However, they warn the company faces undeniable headwinds.
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Analyst corner: Rollo on Greene King
Morgan Stanley leisure analyst Jamie Rollo has said he believes Greene King’s like-for-like sales underperformance will start to narrow in FY19.
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Loch Fyne closes sites
Loch Fyne, the Greene King-owned group, has started to close some of its sites
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NewsGreene King places Loch Fyne on the market
Greene King is again set to test the market for Loch Fyne Seafood & Grill, after appointing advisers to oversee a sale of the brand
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TLC Inns appoints ops director
Martin Baillie, who left Greene King this summer after 18 years, has joined TLC Inns as interim operations director, MCA understands.
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Ex-Greene King MD joins Bourne Leisure
Peter Blake, who earlier this year stepped down as managing director of Greene King’s Destination division, has joined Bourne Leisure
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NewsGK ‘not looking to exit value food’
Greene King chief executive Rooney Anand stressed the group is adapting its strategy to address a changing market
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Analysis & InsightAutumn / winter menu prices up 3.4%
Menu prices for same-line dishes rose 3.4% year-on-year, initial data from the MCA Menu Tracker has shown.
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Traynor joins Pesto as ops director
Darren Traynor, formerly of Orchid Group and Greene King, has joined Pesto as its new operations director
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Chain restaurants still failing to serve healthy children’s meals
Children’s menus at some of the UK’s leading restaurant and pub chains are still dominated by super-sized calorific puddings and unlimited refills of unhealthy sugary drinks – undermining efforts to tackle the obesity crisis, according to a new report.
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Analysis & Insight
More operators introduce regional price changes
A growing number of restaurant and pub operators are using regional price differentiation, MCA analysis has revealed.
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NewsBlake departs Greene King
Peter Blake has left his role as managing director at Greene King’s Destination pubs division, MCA understands.
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GK completes rebrand of London estate
Greene King has converted more than a 100 pubs from the Taylor Walker brand to its core Greene King model, which now makes up half its managed estate.
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Irvine-Fortescue: GK running hard to standstill
Mark Irvine-Fortescue, leading analyst at Panmure Gordon, has said that Greene King is “running hard to standstill”. Off the back of the pub operator and brewer’s full-year update, the analyst said that he expected a flattish profit outturn this year, with enhanced buying scale post Spirit, and operational initiatives (portfolio ...
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Analysis & Insight
JDW retains dominance among pub brands
The latest Pub Brand Monitor from MCA has shown that despite site closures over the past year and a fall in its share of breakfast and dinner visits, JD Wetherspoon remains the market leader.