THE RETAIL BULLETIN - The home of retail news
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
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

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

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 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
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing