THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Fullers raises a glass

The company is confident that expectations for the full financial year will be met.

CITY & CORPORATE

Fullers raises a glass

The company is confident that expectations for the full financial year will be met.

Fuller, Smith & Turner P.L.C. ('Fuller's' or 'the Company') has released its  Interim Management Statement for the 43 week trading period to 22 January 2011.

In the 10 weeks to 22 January 2011, like for like sales in Managed Pubs and Hotels grew by 3.7%,
bringing the like for like sales growth for the 43 weeks to 3.5%.
Like for like profits in the Tenanted Inns division were level for the 43 weeks to 22 January 2011.
Own Beer volumes for the Fuller's Beer Company for the 17 weeks to 22 January 2011 grew 1%, with a 1% decrease for the 43 weeks.


After some disposals, there are now 360 pubs within the estate.  At the end of the third quarter on 25 December 2010, net debt was £90.5m, down from £93.6m at the half year.

Despite the VAT increase and further tax rises, including the duty escalator and Government spending cuts, the company says it is confident they will meet their expectations for the full financial year.
They also say that cost inflation is becoming an issue.

The Company will next report on 10 June 2011 when it releases its preliminary results for the 53 weeks to 2 April 2011.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

RELATED ARTICLES

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019