News

UK: Weak market hits Greene King beer sales

Most popular

Top US brewers in 2020 - data

Top US craft brewers in 2020 - data

How COVID has closed the digital gap - trends

Hard seltzers pave the way for 'soft seltzer'?

Anheuser-Busch InBev Performance Trends 2016-20

MORE

Greene King, the UK ale brewer, has said a weak market caused its beer volumes to fall in the first quarter.

Greene King, which makes Old Speckled Hen and IPA, said today (2 September) that own-brewed beer volumes fell 3% in the 16 weeks to 24 August.

Its announcement follows a stark warning from Coors Brewers yesterday that input cost rises threatened to "cripple the Uk beer industry".

Greene King said it remained in-line to meet expectations across the company, "despite a lacklustre outlook for the UK economy".

It said of the beer volume decline: "Given near double-digit declines in the on-trade beer market, this is a strong performance. Share gains continue in both the on- and off-trade, and in the standard and premium ale categories."

The ale brewer said consumer spending had continued to contract, but added: "The Greene King model is robust and resilient; strong cashflows allow continued investment in growth areas such as food, accommodation and premium ale; and the tough approach to cost management creates opportunities to drive further value into the business."


Sectors: Beer & cider

Companies: Greene King, Molson Coors

Related Content

Greene King to pay reparations for founder's slave trade legacy - report

Greene King to pay reparations for founder's slave trade legacy - report...

Greene King follows Fuller, Smith & Turner with UK offload

Greene King follows Fuller, Smith & Turner with UK offload...

US craft beer gangs up to battle Mad Max market - Comment

US craft beer gangs up to battle Mad Max market - Comment...

Asahi hails post-COVID beer trends as Grolsch makes UK comeback

Asahi hails post-COVID beer trends as Grolsch makes UK comeback...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?