Fuller, Smith & Turner PLC: AGM Trading Statement (1235409)
23 September 2021 - 8:00AM
UK Regulatory
Fuller, Smith & Turner PLC (FSTA) Fuller, Smith & Turner
PLC: AGM Trading Statement 23-Sep-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS
Group. The issuer is solely responsible for the content of this
announcement.
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23 September 2021
FULLER, SMITH & TURNER P.L.C.
AGM Trading Statement
Fuller, Smith & Turner P.L.C. ("Fuller's" or "the Company"),
the premium pubs and hotels business, today makes the following
trading statement, in advance of the Company's Annual General
Meeting to be held today, 23 September 2021, at 11am in The Boston
Room, The George IV, 185 Chiswick High Road, London W4 2DR. Since
fully reopening the estate in July, the Company has traded at a
steadily increasing level across its estate. Managed like for like
sales for the seven weeks to 18 September 2021 stand at 86% of 2019
levels, and we look forward to the further benefits of increasing
footfall in the City and a continued return to office working.
Chief Executive Simon Emeny said: "While we are not immune to
some of the well-documented challenges facing the wider hospitality
industry such as recruitment, the pandemic has further highlighted
the attraction and resilience of our well-balanced, premium estate.
Our rural pubs and hotels have benefited from the increase in
domestic tourism during the summer months and we are now beginning
to see a return of customers to our Central London pubs, which is a
great sign as we head into a busy trading period.
"Life is gradually returning to normal, and the benefit of the
continued investment in our pubs and hotels during lockdown is
becoming evident. In particular, the winterisation projects that
have been delivered across the estate will increase capacity and
maximise the opportunity from our gardens and outside areas later
into the winter months and early spring.
"Our Tenants have also invested in their pubs and this
strategically important part of our business continues to perform
well, underpinned by our successful recruitment and retention of
great, entrepreneurial businesspeople with ambition and drive.
"It's been a tough 18 months for everyone in hospitality - we
are confident in our strategy and proud of our pubs and people. Our
long-term vision has not changed, we have an excellent,
well-invested estate, a strong balance sheet, and we look forward
to the coming months with confidence and optimism."
The next report will be on 18 November 2021, when the Company
issues its half year results for the 26 weeks to 25 September
2021.
- Ends -
For further information, please contact:
Fuller, Smith & Turner P.L.C.
Simon Emeny, Chief Executive 020 8996 2000
Adam Councell, Finance Director 020 8996 2000
Georgina Wald, Corporate Comms Manager 020 8996 2198
Instinctif Partners
Justine Warren 020 7457 2010
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. Fuller's has 209
managed businesses, with 1,027 boutique bedrooms, and 175 Tenanted
Inns. The estate is predominately located in the South of England
(44% of sites are within the M25) and stretches from London to the
Jurassic Coast via the New Forest. Our Managed Pubs and Hotels
include 15 iconic Ale & Pie pubs, seven stunning hotels in the
Cotswolds, and Bel & The Dragon - seven exquisite country 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.
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ISIN: GB00B1YPC344
Category Code: TST
TIDM: FSTA
LEI Code: 213800C7ACOFMRCQQW76
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 122800
EQS News ID: 1235409
End of Announcement EQS News Service
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