25 January
2024
FULLER, SMITH
& TURNER P.L.C.
Trading
Update
42
weeks to 20 January 2024
Fuller, Smith &
Turner P.L.C. (“Fuller’s” or “the Company”), the premium pubs and
hotels business, provides the following trading statement for the
42 weeks to 20 January 2024 (“the period”).
Sales for the five week
Christmas and New Year period were particularly strong, up 21.6%
against the same period last year, driven by a great performance
from our pub and hotel teams.
This strong festive
trading further builds on the positive momentum experienced across
the business over recent months, which has delivered like for like
sales growth of 11.5% for the 42 weeks to 20 January
2024.
Chief Executive Simon
Emeny said: “I am delighted to see the business continue to deliver
strong sales growth. It is testament to the hard work, dedication
and energy of our amazing team members who pulled out all the stops
to ensure our customers had a brilliant Christmas and New
Year.
“The business is in
great shape. While we continue to see the impact of a challenging
economic environment, we are positive about the future and
confident of meeting market expectations for the full
year.
“Looking forward, while
we face significant rises in the National Living Wage and Business
Rates, we have exciting plans in place to grow the business. These
include a number of high profile, trade-enhancing investment
schemes in our existing estate, which will ensure we continue to
build on our current momentum.
“We will next update the
market on 13 June 2024, when we announce the Company’s full year
results for the 52 weeks to 30 March 2024.”
[End]
For
further information, please contact:
Fuller,
Smith & Turner P.LC.
Simon Emeny, Chief
Executive
|
020 8996 2000
|
Neil Smith, Finance
Director
|
020 8996 2000
|
Georgina Wald, Corporate
Comms Manager
|
020 8996 2198 / 07831
299801
|
Instinctif
Partners
Justine
Warren
|
020 7457 2020
|
Notes
to Editors:
Fuller, Smith & Turner PLC is
the premium pubs and hotels business that is famous for beautiful
and inviting pubs with delicious fresh food, a vibrant and
interesting range of drinks, and engaging service from passionate
people. Our purpose in life is to create experiences that
nourish the
soul. Fuller’s
has 182 managed businesses, with 1,015 boutique bedrooms, and 188
Tenanted Inns. The Fuller’s pub estate stretches from Brighton to
Birmingham and from Bristol to the Greenwich Peninsula, including
163 locations within the M25. Our Managed Pubs and Hotels include
Cotswold Inns & Hotels – seven stunning hotels in the
Cotswolds, and Bel & The Dragon – six exquisite modern English
inns located in the Home Counties. In summary, Fuller’s is the home
of great pubs, outstanding hospitality and passionate people, where
everyone is welcome and leaves that little bit happier than they
arrived.