FULLER, SMITH
& TURNER P.L.C.
AGM Trading
Statement
16 weeks to
22 July 2017
Fuller, Smith & Turner P.L.C. (“Fuller’s” or “the Company”),
the London brewer and premium pub
company, today made the following trading statement for the 16
weeks from 2 April to 22 July 2017
(“the period”), in advance of the Company's Annual General Meeting
to be held today [25 July 2017] at
11am, in The Hock Cellar, Griffin
Brewery, Chiswick, London W4
2QB.
The Company has made a very good start to the year with like for
like sales in our Managed Pubs and Hotels rising 6.6% during the
period. Like for like profits in our Tenanted Inns were up 5% and
total beer and cider volumes in The Fuller’s Beer Company rose 5%.
The perfect summer weather, which has dominated much of the period,
has been instrumental in enticing people to come out to our pubs
for a great experience.
Chief Executive Simon Emeny said:
“We are very pleased with the new trading year so far and remain on
course, despite the previously noted cost headwinds that are
buffeting our industry including increased business rates, the
impact of the National Living Wage and the introduction of the
Apprenticeship Levy.
“We have a world leading hospitality sector in the UK and we
urge the Government to consider our needs as it negotiates the
country’s exit from the European Union. One in 10 new jobs created
is in a pub, bar or restaurant* and non-UK workers are an essential
element in delivering the one billion meals that are served in pubs
alone every year.* In our own estate, the contribution made by
colleagues from across Europe and
beyond should not be underestimated and we will continue to invest
record amounts in developing our team members across the
business.
“We have a clear, long-term vision and an offer across all parts
of Fuller’s that is relevant and attractive to today’s consumer.
With outstanding pubs, great brands and well trained and motivated
people to deliver excellent service, we are well-positioned for
further progress.”
The next report will be on 24 November
2017, when the Company issues its half year results for the
26 weeks to 30 September 2017.
* Source: British Beer & Pub
Association
- Ends –
For further information, please
contact:
Fuller, Smith & Turner P.L.C.
Simon Emeny, Chief Executive
(press)
020 8665 2175
James Douglas, Finance Director
(analysts) 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 and Turner P.L.C. is an independent
traditional family brewer founded in 1845 and is based at the
historic Griffin Brewery in Chiswick, London, where brewing has taken place
continuously since 1654. The Company runs 186 Tenanted pubs and 198
Managed Pubs and Hotels, with a focus on delicious fresh,
home-cooked food, outstanding cask and craft ale, great wine and
exceptional service. The Company also has 706 boutique bedrooms in
its Managed estate. The Fuller’s pub estate stretches from
Brighton to Birmingham and from Bristol to the Greenwich Peninsula, including
173 locations within the M25. Fuller’s owns a 76% stake in The
Stable, a craft cider and gourmet pizza restaurant business, which
has 17 sites in England and
Wales.
The Fuller’s Beer Company brews a portfolio of premium beers
including London Pride, Oliver’s Island, ESB, Organic Honey Dew and
Frontier Craft Lager. The Company owns Cornish Orchards, a craft
cider maker producing a range of award-winning ciders and premium
soft drinks. Fuller’s is also the UK distributor for Sierra Nevada,
the premier US craft beer. In December
2015, Fuller’s acquired a 51% stake in Nectar Imports, a
wholesale drinks business.