Fuller's reports continued strong trading

(Sharecast News) - Fuller, Smith & Turner reported like-for-like sales growth of 5.0% for the first 16 weeks of its financial year, as the pub and hotel operator continued to deliver a strong trading performance. In a statement issued ahead of its annual general meeting on Tuesday, the company said the positive momentum reflected the continued efforts of its teams across the business in navigating industry challenges.

"I am delighted with our progress so far this year," said chief executive Simon Emeny.

"Our teams across the business continue to work hard, delivering consistently excellent results and overcoming the challenges in our sector with spirit and determination to maintain our strong momentum.

"They are the heart of Fuller's, and I am proud to work alongside them."

The London-listed firm said the meeting also marked the retirement of chairman Michael Turner after 47 years with the company.

"It's been a wonderful journey, and I am so proud of everything that the team has achieved at Fuller's during my tenure," said Turner.

"The company celebrates 180 years this year and it has never been in a stronger position."

Fuller's said it would release its next trading update alongside half-year results on 12 November.

At 1100 BST, shares in Fuller, Smith & Turner were up 1.6% at 573p.

Reporting by Josh White for Sharecast.com.