Pubs firm Greene King has warned that drinkers could be knocking back fewer pints in the future following the Brexit vote as consumer confidence takes a hit.
Boss Rooney Anand said that, despite a strong start to the year: "It is likely that consumer confidence will be affected by Brexit in the near-term."
Despite the warning, Greene King reaped the benefits of its £774m acquisition of rival Spirit last year, seeing revenue rocket 57.6% to £2 billion as a result. Pre-tax profit rose 52.2% to £256.5m.
Mr Anand added: "It has been a transformational year for Greene King. We completed the acquisition of Spirit Pub Company and reached the milestone of £2bn revenue.
"We have delivered growth across each of the three divisions, outperforming the market in a challenging environment, while making significant progress in combining the best of both businesses to build Britain's best pub company."