Pubs and Bars

Fuller’s reports strong sales growth over Christmas period

Fuller, Smith and Turner has reported a 4.3% increase in like-for-like sales of managed pubs and hotels over the Christmas trading period.

The group also saw a 2.5% increase in sales during the 42 weeks ended 18 January 2020, with all areas of the business, including food, drink and accommodation, experiencing like-for-like growth.

Despite this, tenanted like-for-like profits fell by 3% during the period.

Simon Emeny, chief executive, said: “It’s been a year of change for Fuller’s and this is a good first Christmas as a focused premium pubs and hotels business.

“We have exciting plans in place for the coming months including the opening of our new sites The Windjammer at Royal Dock, The White Horse at Wembley Park and The Parcel Office at Liverpool Street Station.”

He added: “This is a very busy time for Fuller’s as we complete the integration of Cotswolds Inns and Hotels, undertake a number of major capex projects including the redevelopment of The Bear of Burton in Dorset and our new Bel and The Dragon site at Westerham in Kent, as well as continue to grow our existing business.

“In addition, we are approaching the conclusion of the transitional services agreement with Asahi, while maintaining a keen focus on reducing our central costs against a backdrop of rising wage inflation and business rates. There is a lot to do – but we relish the challenge.”

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