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Fuller, Smith & Turner PLC (FSTA)
Fuller, Smith & Turner PLC: AGM Trading Statement
23-Sep-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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23 September 2021
FULLER, SMITH & TURNER P.L.C.
AGM Trading Statement
Fuller, Smith & Turner P.L.C. ("Fuller's" or "the Company"), the premium
pubs and hotels business, today makes the following trading statement, in
advance of the Company's Annual General Meeting to be held today, 23
September 2021, at 11am in The Boston Room, The George IV, 185 Chiswick
High Road, London W4 2DR.
Since fully reopening the estate in July, the Company has traded at a
steadily increasing level across its estate. Managed like for like sales
for the seven weeks to 18 September 2021 stand at 86% of 2019 levels, and
we look forward to the further benefits of increasing footfall in the City
and a continued return to office working.
Chief Executive Simon Emeny said: "While we are not immune to some of the
well-documented challenges facing the wider hospitality industry such as
recruitment, the pandemic has further highlighted the attraction and
resilience of our well-balanced, premium estate. Our rural pubs and hotels
have benefited from the increase in domestic tourism during the summer
months and we are now beginning to see a return of customers to our
Central London pubs, which is a great sign as we head into a busy trading
period.
"Life is gradually returning to normal, and the benefit of the continued
investment in our pubs and hotels during lockdown is becoming evident. In
particular, the winterisation projects that have been delivered across the
estate will increase capacity and maximise the opportunity from our
gardens and outside areas later into the winter months and early spring.
"Our Tenants have also invested in their pubs and this strategically
important part of our business continues to perform well, underpinned by
our successful recruitment and retention of great, entrepreneurial
businesspeople with ambition and drive.
"It's been a tough 18 months for everyone in hospitality - we are
confident in our strategy and proud of our pubs and people. Our long-term
vision has not changed, we have an excellent, well-invested estate, a
strong balance sheet, and we look forward to the coming months with
confidence and optimism."
The next report will be on 18 November 2021, when the Company issues its
half year results for the 26 weeks to 25 September 2021.
- Ends -
For further information, please contact:
Fuller, Smith & Turner P.L.C.
Simon Emeny, Chief Executive 020 8996 2000
Adam Councell, Finance Director 020 8996 2000
Georgina Wald, Corporate Comms Manager 020 8996 2198
Instinctif Partners
Justine Warren 020 7457 2010
Notes to Editors:
Fuller, Smith & Turner PLC is the premium pubs and hotels business that is
famous for beautiful and inviting pubs with delicious fresh food, a
vibrant and interesting range of drinks, and engaging service from
passionate people. Fuller's has 209 managed businesses, with 1,027
boutique bedrooms, and 175 Tenanted Inns. The estate is predominately
located in the South of England (44% of sites are within the M25) and
stretches from London to the Jurassic Coast via the New Forest. Our
Managed Pubs and Hotels include 15 iconic Ale & Pie pubs, seven stunning
hotels in the Cotswolds, and Bel & The Dragon - seven exquisite country
inns located in the Home Counties. In summary, Fuller's is the home of
great pubs, outstanding hospitality and passionate people, where everyone
is welcome and leaves that little bit happier than they arrived.
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ISIN: GB00B1YPC344
Category Code: TST
TIDM: FSTA
LEI Code: 213800C7ACOFMRCQQW76
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 122800
EQS News ID: 1235409
End of Announcement EQS News Service
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