Enterprise Inns boosted as Brits quenched their thirst in the heatwaveComments Off on Enterprise Inns boosted as Brits quenched their thirst in the heatwave
Warmer weather pushed up beer sales and visits to pubs by consumers over the past 12 weeks at Enterprise Inns.
The country’s biggest pubco said same-pub sales rose for the eighth consecutive quarter, gaining 0.5% in the quarter to August 1.
That was slightly down on the 0.6% growth seen in the first-half but Enterprise said it was a particularly pleasing performance given that it was set against the Fifa World Cup a year ago.
Chief executive Simon Townsend said: “We have made good progress increasing the number of managed pubs in the estate and growing our portfolio of commercial properties.
“We are continuing to invest in the estate and to support our publicans.”
With more than 5000 pubs, Enterprise is gradually converting more of them from tenancies to costlier but more profitable managed houses.
It has three managed brands with Bermondsey and Craft Union now on 22 pubs and the first Managed Expert due to open next month.
Enterprise shares — which were hit hard by the introduction in the Budget of a living wage — rose 8.9p to 123.6p.