Fuller’s sees steady trade increase

By Michelle Perrett

- Last updated on GMT

Trading update: Fuller's has reported 'confidence and optimism'
Trading update: Fuller's has reported 'confidence and optimism'

Related tags: Fullers, Hotel

Fuller, Smith & Turner has revealed that it has seen trade steadily increase after reopening its estate in July.

The company said that like-for-like sales in its managed estate for the seven weeks to 18 September 2021 stand at 86% of 2019 levels. 

It said it was looking forward to the further benefits of increasing footfall in the City and a continued return to office working.

Premium estate

"While we are not immune to some of the well-documented challenges facing the wider hospitality industry such as recruitment, the pandemic has further highlighted the attraction and resilience of our well-balanced, premium estate. Our rural pubs and hotels have benefited from the increase in domestic tourism during the summer months and we are now beginning to see a return of customers to our Central London pubs, which is a great sign as we head into a busy trading period,” said chief Executive Simon Emeny. 

"Life is gradually returning to normal, and the benefit of the continued investment in our pubs and hotels during lockdown is becoming evident. In particular, the winterisation projects that have been delivered across the estate will increase capacity and maximise the opportunity from our gardens and outside areas later into the winter months and early spring.” 

Performing well

Emeny also revealed that its tenants have invested in their pubs and this part of the business was performing well. This was “underpinned by our successful recruitment and retention of great, entrepreneurial businesspeople with ambition and drive.” 

He added: "It's been a tough 18 months for everyone in hospitality - we are confident in our strategy and proud of our pubs and people. Our long-term vision has not changed, we have an excellent, well-invested estate, a strong balance sheet, and we look forward to the coming months with confidence and optimism."

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