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Trading statements

Fuller's has strong Xmas and New Year

26 January 2017 08:24

Fuller, Smith & Turner said trading over the Christmas and New Year period was strong, with like for like sales in managed pubs and hotels for the last 10 weeks increasing by 7.4%.

like for like profits in tenanted inns rose by 2% and total beer and cider volumes in The Fullers Beer Company increased by 1%.

For the 43 week period to 21 January, like for like sales in Managed Pubs and Hotels increased by 3.7%, like for like profits in the Tenanted Inns division were down by 1% and total beer and cider volumes in The Fullers Beer Company decreased by 4%.

Chief executive Simon Emeny said: "Our strategy of sustained investment in our pubs, our brands and our people continues to drive the business forward.

"In the final quarter, we will be taking advantage of what will be a 53 week year to accelerate investment in our existing estate and reinforce our marketing programme for The Fullers Beer Company.

"With our clear vision and exciting initiatives for the coming financial year, we are well placed for the future.

"However, in common with many other companies we are facing increasing cost pressures including a steep rise in business rates, an increase in the National Living Wage and the introduction of the Apprenticeship Levy, all set against an ever-changing global political and economic backdrop."

At 8:24am: (LON:FSTA) Fuller Smith Turner PLC share price was +12.5p at 1007.5p

Story provided by StockMarketWire.com

Related Company: FSTA

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