REG-Fuller, Smith & Turner PLC Fuller, Smith & Turner PLC: Trading Update

Fuller Smith & TurnerAnnouncement

15/01/2025 07:15

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   Fuller, Smith & Turner PLC (FSTA)
   Fuller, Smith & Turner PLC: Trading Update

   15-Jan-2025 / 07:00 GMT/BST

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   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. 

    

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00B1YPC344
   Category Code:  TST
   TIDM:           FSTA
   LEI Code:       213800C7ACOFMRCQQW76
   OAM Categories: 2.2. Inside information
   Sequence No.:   370525
   EQS News ID:    2067743


    
   End of Announcement EQS News Service

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