25 January 2018
FULLER, SMITH
& TURNER P.L.C.
Trading Update for
the 42 weeks to 20 January 2018
Fuller, Smith & Turner P.L.C. (“Fuller’s” or “the Company”),
the London brewer and premium pub
company, today announces its trading update for the 42 weeks to
20 January 2018 (“the period”).
The Company has delivered a solid performance over the period,
with like for like sales in its Managed Pubs and Hotels rising
3.0%, like for like profits in Tenanted Inns rising 2% and level
total beer and cider volumes in The Fuller’s Beer Company. The
additional (53rd) week in our previous financial year has moved the
comparative period by one week in the calendar. For much of the
year this has little effect, but it does impact reporting spanning
the festive season and early January. Adjusting for this to align
calendar dates, our like-for-like sales growth would have been
+3.6% after week 33 and +3.4% after week 42.
Simon Emeny, Chief Executive,
said: “These are a good set of figures in what remains a
challenging trading environment. They prove that a great experience
in a stunning pub with excellent service, delicious food and a
fantastic range of interesting drinks, continues to appeal to our
customers.
“Our long-term vision and prudent financing keep us well-placed
to maintain our strategy of investing in our pubs, our portfolio of
premium beer and cider brands, our people and our marketing. We
will next update the market on 8 June
2018, when we announce the Company’s full year results for
the 52 weeks to 31 March 2018.”
-Ends-
For further information, please
contact:
Fuller, Smith & Turner P.LC.
Simon Emeny, Chief Executive
020 8996
2000
James Douglas, Finance Director
020 8996 2000
Georgina Wald, Corporate
Communications 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 179 Tenanted Inns and 199
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 724 boutique bedrooms in
its Managed estate. The Fuller’s pub estate stretches from
Brighton to Birmingham and from Bristol to the Greenwich Peninsula, including
170 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.