DJ Fuller, Smith & Turner PLC: Trading Update
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 GBP4 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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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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(END) Dow Jones Newswires
January 15, 2025 02:00 ET (07:00 GMT)
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