The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Enterprise Inns reports positive Q3 performance

11 August 2016 by

Pub giant Enterprise Inns has reported a positive trading performance update in the third quarter of 2016, with all aspects of its strategic plan apparently "on track".

Like-for-like net income in its leased and tenanted business was up 1.9% in the 44 weeks to 30 July 2016 and Enterprise reported that it expects to have in excess of 100 managed houses operational by 30 September 2016.

The company is also continuing to grow its portfolio of quality commercial properties and expects to have in the region of 300 such properties by the end of the financial year.

Simon Townsend, chief executive officer of Enterprise Inns, said: "We are pleased to have maintained our trading momentum through the second half of the year to date. The consequences of Brexit may be far-reaching but to date we have seen no discernible impact on consumer spending and no consequential impact on our trading performance."

He added: "While mindful of the potential for some economic uncertainty in the months ahead, we are confident in our strategy and the actions we are taking to grow value for shareholders, and we remain on track to deliver our financial and strategic expectations for the year."

Enterprise Inns record flat pre-tax profit of £57m >>

Enterprise Inns welcomes pub code Royal Assent >>

Enterprise Inns reviews investment due to pubs code ‘uncertainty' >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking