23 July 2015
FULLER, SMITH
& TURNER P.L.C.
AGM Trading
Statement
16 weeks to 18 July 2015
Strong
start to the Year
Fuller, Smith & Turner P.L.C. (“Fuller’s” or “the Company”),
the London brewer and premium pub
company, today made the following Trading Statement for the 16
weeks from 29 March to 18 July 2015
(“the period”), in advance of the Company's Annual General Meeting
to be held on 23 July 2015 at
11am, in the Hock Cellar, Griffin
Brewery, Chiswick, London W4
2QB.
The business has made a strong start to the new financial year,
with like for like sales in Managed Pubs and Hotels rising by 5.7%
for the period and like for like profits in the Tenanted Division
growing by 4%. Total beer and cider volumes in the Fuller’s Beer
Company are level.
Since the year end, the Company has purchased a freehold pub in
Earl’s Court Village, The King’s Head, opened The Stable in
Plymouth and Winchester and carried out a successful
relocation of The Stable in Bath. In addition, the freeholds of two
existing leasehold sites have been purchased – The Blackbird in
Earl’s Court, which has been a Fuller’s pub for over 20 years, and
The Stable in Poole.
Simon Emeny, Chief Executive,
commented: “The new financial year has started well and we are in
robust health. We have exciting plans for the coming months with
new openings for Fuller’s Inns and The Stable, as well as a
continuation of our substantial programme of investment in our
existing estate. In addition, the Rugby World Cup in the autumn –
much of which takes place in our West
London heartland – provides a focal point for some exciting
activity and we are well placed to maximise its potential.”
The next report will be on 20 November
2015, when the Company issues its half year results for the
26 weeks to 26 September 2015.
- Ends –
For further information, please
contact:
Fuller, Smith & Turner P.L.C.
Simon Emeny, Chief Executive
(press)
020 8996 2175
James Douglas, Finance Director
(analysts) 020
8996 2000
Georgina Wald, Corporate
Communications Manager 020 8996 2198/07831
299801
Instinctif Partners
Paul
Downes
07900 244888
Justine
Warren
07785 555692
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 188 Managed Pubs and
Hotels and 203 Tenanted pubs, with a focus on outstanding cask ale,
great wine, exemplary service and delicious fresh, home-cooked
food. The Company also has 651 boutique bedrooms in its Managed
estate and owns a 51% share of The Stable, a craft cider and pizza
restaurant business with nine sites. Fuller’s pub estate
stretches from Brighton to
Birmingham and from Portishead to
the Greenwich Peninsula, including 171 locations within the
M25.
The Fuller’s Beer Company brews a portfolio of premium beers
including London Pride, ESB, Organic Honey Dew and Frontier Craft
Lager. In June 2013, the Company
acquired 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.