Signs to look out for in this week’s Greene King update

City Pub Group

Pubs operator and brewer Greene King (LON:GNK) is reporting a pre-close trading statement for the year to April 2019 on Tuesday.

Analysts are looking for revenues of around £2.2bn and pre-tax profit of more than £240m for the full year. At 704p, the shares are trading on just over 11 times forecast earnings. This looks good value, but some investors will be put off by the high debt levels.

Greene King has already revealed it had an excellent Christmas and New Year. Here are things to look out for in the statement.
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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.