Report

QuickView: Growth baked in

Greene King has developed a reputation as a leading pub company combining a consistent record of successful earnings growth and a meaningful dividend yield. Now 80% larger by market cap than its nearest peer, it continues to lead the consolidation of the sector. Its latest acquisition, of Spirit Group, is integrating well, which significantly underpins earnings and dividend growth over the next two years.
Underlying
Greene King plc

Greene King is an integrated pub retailer and brewer. As of Apr 30 2017, Co. operated 2,924 managed, tenanted, leased and franchised pubs, restaurants and hotels, including brands such as Co.'s Greene King locals estate, Hungry Horse, Flaming Grill, Farmhouse Inns and Chef & Brewer. Co.'s ale brand portfolio includes Old Speckled Hen, Greene King IPA, Abbot Ale and Belhaven Best. Co.'s segments include Pub Company, which engaged in managing pubs and restaurants; Pub Partners, which is responsible for operating Co.'s tenanted, leased and franchised pubs; and Brewing & Brands, which is engaged in Brewing, marketing and selling beer.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

.

Other Reports on these Companies
Other Reports from Edison Investment Research

ResearchPool Subscriptions

Get the most out of your insights

Get in touch