Fuller Smith & Turner's FY revenue slightly beats, extends share buyback
Fuller Smith & Turner's FY revenue slightly beats, extends share buyback
Overview
UK pubs and hotels operator's FY revenue rose 5.7%, slightly beating analyst expectations
Adjusted pretax profit for FY increased 28%, beating analyst estimates
Company to extend share buyback with additional one million A shares
Outlook
Company says like-for-like sales up 4.4% in first 10 weeks of new financial year
Fuller Smith & Turner plans to invest over £30 mln across its estate in coming year
Company says it is fully hedged for electricity and gas for FY2027
Result Drivers
LIKE-FOR-LIKE SALES GROWTH - Co said all business segments delivered positive like-for-like sales growth, with Managed Pubs and Hotels up 4.9% and increases in food, drink, and accommodation sales
MARGIN IMPROVEMENT - Margin growth attributed to procurement initiatives, supplier changes, and selective price increases, which helped offset higher labour costs
Company press release: ID:nRSJ6448Ha
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue | Slight Beat* | GBP 397.80 mln | GBP 397.67 mln (6 Analysts) |
FY Adjusted Pretax Profit | Beat | GBP 34.60 mln | GBP 32.76 mln (5 Analysts) |
FY Dividend |
| GBP 0.21 |
|
FY Pretax Profit |
| GBP 29.50 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy"
Wall Street's median 12-month price target for Fuller Smith & Turner PLC is GBp825.00, about 25.8% above its June 9 closing price of GBp656.00
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)