Like-For-Like Net Income

Ei Group sees first-half revenue up 1.6%

16-May-2017 By Mark Wingett

Ei Group, formerly Enterprise Inns, has reported a 1.6% increase in like-for-like net income across its tenanted and leased estate for the six months ending 31 March 2017.

Enterprise 'on track' for 30 managed pubs by September

06-Aug-2015 By M&C Allegra

Enterprise Inns has increased its number of managed pubs, and is on track to have 30 operational by September 30.

Punch abandons focus on food revenue

19-Nov-2014 By James Wallin, M&C Report

Punch Taverns executive chairman Stephen Billingham said the company has abandoned its target of food sales making up 35% of its tenants’ revenue.

Enterprise converting failing pubs into shops

19-Nov-2014 By James Wallin, M&C Report

Enterprise Inns has revealed it has converted 22 pubs to convenience stores and will continue to look at this operating model as an alternative to disposals.

Growth in drink sales outstrips food as Spirit reports positive results

04-Sep-2014 By John Harrington, M&C Report

Spirit Pub Company has reported a 2.1% rise in like-for-like net sales in its managed arm for the 12 weeks to 16 August, with net income growth in the leased division accelerating to +4.8%.

World Cup helps Enterprise achieve 'encouraging' growth

07-Aug-2014 By John Harrington

Enterprise Inns saw like-for-like net income growth accelerate to 2.1% in the three months to 2 August, helped by the World Cup and the company’s “on-going operational initiatives”.

Latest results for Enterprise Inns show net income up 1.1%

13-May-2014 By John Harrington

Enterprise Inns has reported a turnaround in like-for-like net income in the six months to 31 March, with growth of 1.1% against a decline of 4.3% in the same period in 2013.

Spirit managed like-for-likes grow and tenanted estate returns to growth

14-Jan-2014 By John Harrington

Spirit Pub Company has reported a 4.3% rise in like-for-like net sales in its managed arm in the 20 weeks to 4 January - including growth of 7% over Christmas - while its Leased estate returned to like-for-like net income growth.

Punch posts 1.4% rise in lfl core estate net income

27-Nov-2013 By John Harrington

Punch Taverns, the tenanted and leased pub operator, has reported a 1.4% rise in like-for-like net income in its core estate in the 12 weeks to 9 November, and maintained its view that it intends to announce restructuring proposals in December.

Full-year net income down at Enterprise Inns

19-Nov-2013 By Mark Wingett

Enterprise Inns has this morning reported a 2.9% decline in like-for-like net income for the year to 30 September, but said that it had witnessed an improving trend in the final quarter of the year, with like-for-like net income growth of 0.6%.

Spirit reports managed like-for-like sales rise

22-Oct-2013 By John Harrington

Spirit Pub Company has reported a 1.6% rise in like-for-like sales in its managed arm in the 52 weeks to 17 August and says it plans to add sites to its estate in 2013/14.

Enterprise reports 'improving trends' but income still down

08-Aug-2013 By John Harrington

Enterprise Inns, the tenanted and leased pub company, has reported improving trends in its second half-year, with like-for-like net income for the total estate down by 2.7% in the 18 weeks to 3 August 2013 against a decline of 4.2% in H1.

Enterprise Inns reports "challenging" first half of the year

14-May-2013 By Mark Wingett

Enterprise Inns has reported that the first half of its financial year had been “particularly challenging” with like-for-like net income across its estate down 4.2% in the six months to 31 March.

Enterprise Inns sees 4.4% decline in like-for-like net income

31-Jan-2013 By John Harrington

Enterprise Inns, the leased and tenanted pub company, has reported a 4.4% decline in like-for-like net income, equivalent to £5m, in the 17 weeks to 26 January in what the company called "exceptional trading conditions" including extreme weather...

Enterprise Inns chief executive Ted Tuppen's total pay increases by £86k

20-Dec-2012 By John Harrington

Enterprise Inns chief executive Ted Tuppen’s total pay increased by £86,000 to just under £1m in the company’s most recent financial year.

Enterprise Inns reports dip in earnings and sales

20-Nov-2012 By John Harrington

Enterprise Inns, the leased and tenanted pub operator, has reported a fall in EBITDA from £366m to £340m in the year to 30 September, although the company said it saw improved performance trends across the estate, with like-for-like net income down 1.2%...

Punch Taverns in restructuring talks after fall in pre-tax profits

24-Oct-2012 By John Harrington

Punch Taverns, the tenanted and leased pub company, has reported a fall in EBITDA and pre-tax profits in the 52 weeks to 18 August and says it has begun restructuring talks.

Enterprise Inns secures £220m refinancing

01-Jun-2012 By John Harrington, M&C Report

Enterprise Inns, the tenanted and leased pub company, has announced that it has secured a £220m refinancing package to commence on the expiration of its existing facilities on 16 December 2013.

Enterprise reports 5% rise in pre-tax profits and begins refinancing talks

15-May-2012

Enterprise Inns has reported a 5% rise in pre-tax profit to £64m in the six months to 31 March on the back of a rise in like-for-like net income in its substantive estate, as it reveals that it has begun talks on refinancing.

Punch warning on outlook as sales increase

16-Dec-2011 By Mark Wingett

Punch Taverns, the tenanted and leased pub company, continued to see improvement in like-for-like trends across its core estate for the 16 weeks to 10 December, driven by its pubs in the South, which offset declines across its sites in the North, and...

Punch reports trading improvements

08-Jun-2011 By John Harrington, M&C Report

Punch Taverns has reported an improved performance in both its managed and tenanted pub divisions for the 12 weeks to 28 May, with the company citing...

Enterprise Inns: snow cost £2m

20-Jan-2011 By Ewan Turney

Enterprise Inns has paid tribute to the "resilience" of its licensees in limiting the effect of the severe weather on its operating profit to £2m in...