REG-Fuller, Smith & Turner PLC Fuller, Smith & Turner PLC: AGM Trading Statement

Fuller Smith & TurnerAnnouncement

23/09/2021 07:05

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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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