Pub chain Fullers has reported a £22.2m pre tax loss from the six months ending in September, with chief executive Simon Emeny adding it will be a “tough winter” for the company.
In the businesses financial results for the 26 weeks to 26 September 2020 it revealed it had made £45.6m in revenue in the six months, compared to £167.1m this time last year.
During the final two months, with the majority of the estate open, the group reported an operating profit of £2m even with Covid-19 restrictions being in place.
Despite the sales slump Emeny has stated he is “optimistic about the future” and revealed plans to reopen its estate in a “measured way”, navigating the tier system and the restrictions that come with it.
In addition the company also reported pre-tax losses of £123m, as Covid-19 disrupted the brand’s ability to trade.