Fuller, Smith & Turner, the London brewer and premium pub company, has today reported results for the 16 weeks from 2 April to 22 July 2017.
The group made a very good start to the year with like-for-like sales in its Managed Pubs and Hotels rising 6.6% during the period. Like-for-like profits in its Tenanted Inns were up 5%, and total beer and cider volumes in The Fuller's Beer Company rose by 5%. The warm summer weather, which has dominated much of the period, has been instrumental in enticing people to visit the pubs.
Chief Executive Simon Emeny said, 'We are very pleased with the new trading year so far and remain on course, despite the previously noted cost headwinds that are buffeting our industry including increased business rates, the impact of the National Living Wage and the introduction of the Apprenticeship Levy.
'We have a world leading hospitality sector in the UK and we urge the Government to consider our needs as it negotiates the country's exit from the European Union. One in 10 new jobs created is in a pub, bar or restaurant and non-UK workers are an essential element in delivering the one billion meals that are served in pubs alone every year, according to BBPA.'
Emeny continued, 'In our own estate, the contribution made by colleagues from across Europe and beyond should not be underestimated and we will continue to invest record amounts in developing our team members across the business.
'We have a clear, long-term vision and an offer across all parts of Fuller's that is relevant and attractive to today's consumer. With outstanding pubs, great brands and well trained and motivated people to deliver excellent service, we are well-positioned for further progress.'
