15 January
2025
FULLER, SMITH
& TURNER P.L.C.
Trading
Update
41
weeks to 11 January 2025
Fuller, Smith &
Turner P.L.C. (“Fuller’s” or “the Company”), the premium pubs and
hotels business, provides the following trading statement for the
41 weeks to 11 January 2025 (“the period”).
Like for like sales for
the 41 weeks to 11 January 2025 were up 5.9%, maintaining our
market outperformance and continuing the Company’s strong momentum.
These figures include excellent trading over the important
five-week Christmas and New Year period, which delivered like for
like sales growth of 10.2%, with a consistent performance across
all parts of the estate.
Chief Executive, Simon
Emeny, said: “We have delivered great results throughout 2024, and
this has been enhanced with a really strong Christmas. These
results would not be possible without the dedication and passion of
our amazing team of people, and I would like to thank them all for
their hard work and ongoing commitment.”
“As we move into the
last few months of this financial year, we continue to focus on
delivering long term returns as well as preparing for the year
ahead. Our share buyback programme is on-going, with 5.7 million of
the planned 6.5 million ‘A’ shares now repurchased. We also
continue to invest in our estate – with a number of major projects
planned for the final quarter of the current financial year,
including a £4 million investment at The Chamberlain Hotel in the
City of London, which is already underway.
“We are confident of
meeting market expectations for the full year. While we will be
facing fresh cost challenges in the new financial year – with
increases in Employers’ National Insurance Contributions, National
Living Wage and Business Rates – we are taking appropriate actions
to manage the impact of these market challenges and remain
confident and optimistic about the future for our
business.
“We will next update the
market on 11 June 2025, when we announce the Company’s full year
results for the 52 weeks to 29 March 2025.”
[End]
For
further information, please contact:
Fuller,
Smith & Turner P.LC.
Simon Emeny, Chief
Executive 020 8996 2000
Neil Smith, Finance
Director 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 & Turner PLC is a
premium pubs and hotels business. With an outstanding estate of
iconic pubs and hotels across the Southern half of England, our
purpose is to create experiences that nourish the
soul. At our
heart is the warm and inviting welcome of a fantastic pub or hotel,
delivered by an exceptional team of over 5,000 talented
individuals. We have been delighting our customers – with
delicious, fresh, seasonal food, an exciting drinks range, and
beautiful bedrooms – for 180 years. Fuller’s has 185 Managed Pubs
and Hotels, with 1,025 bedrooms and 153 Tenanted Inns, all aiming
to ensure that everyone leaves that little bit happier than they
arrived.
