The pub operator recorded a 6.5% increase in revenue to £220.9m for the 26 weeks to 26 September 2026, while profits before tax, excluding one-off items, rose 25% to £28.2m.
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Like-for-like sales across its managed pubs and hotels increased 6.1%, outperforming the wider market by three percentage points.
Growth was recorded across drinks, food and accommodation, with sales up 6.4%, 4.6% and 8.9% respectively.
Fuller’s said strong summer weather and the men’s football World Cup had helped drive trading, alongside increased investment in its pub gardens.
Executive chairman Simon Emeny said: “I am delighted to be announcing another excellent set of results. The business is in great shape, and we continue to build on our positive momentum.”
Pub investment and acquisitions
The group invested £14.2m in its existing estate during the first half and plans to spend a further £19m over the remainder of the financial year.
It has also completed the acquisition of 12 pubs for £37.5m, including 10 sites purchased from Stonegate in September.
Of the 12 acquisitions, 11 are in London and one is in Bath, with nine joining the managed estate and three operating as tenanted pubs.
Further investment is planned across the newly acquired sites, alongside refurbishments and extensions at existing venues.
However, Fuller’s said rising employment costs remained a challenge, with increases to the national living wage adding approximately £5m to annual staff costs.
Christmas outlook
Trading has remained positive since the half-year period, with like-for-like managed pub and hotel sales up 5.8% in the 32 weeks to 7 November.
Christmas bookings are currently running 16% ahead of last year, with the group expecting full-year profits to exceed previous forecasts.
Emeny said: “As we head towards the important Christmas period, we are pleased to have a strong pipeline of bookings, currently 16% ahead of the same time last year.”
Fuller’s currently operates 194 managed pubs and hotels alongside 153 tenanted inns.
