Pub group Fuller’s has seen revenue and like-for-like sales up in the 26 weeks to 30th September, with strong performances across the estate.
Fuller’s Admiralty pub in Trafalgar Square, London
Like for like sales rose by 12.7%, with adjusted profit before tax increasing by 48% to £14.5m. Food sales were up 15.5% ABV, drinks sales were up 10.9% ABV, and accommodation sales were up 13.4%.
The company is primed for a strong Christmas with bookings already 11% ahead of last year.
“We have had a strong start to the year, delivering excellent financial results and building a superb platform for future growth,” said chief executive, Simon Emeny.
“There has been a welcome return of major events. Customers are increasingly seeking premium experiences when they are spending their money, and we have the benefit of the lucrative international tourist trade to come, with inbound tourism still below pre-Covid levels.
“These factors play to our strengths which, combined with our teams’ operational excellence, have resulted in our like for like sales rising 12.7% from the prior year, outperforming the market and well ahead of the industry’s Coffer CGA Business Tracker.
“There is demonstrable momentum and positivity in the business, we have an amazing group of dedicated team members, excellent leaders, and a keen focus on continuing to grow profitable sales using all the levers available to us.”