Fuller's sees strong Christmas for managed pubs but warns on rising costs

28 January 2011 by
Fuller's sees strong Christmas for managed pubs but warns on rising costs

London-based brewer and pub company Fuller's has weathered a freezing winter to report a 3.7% rise in like-for-like sales among its managed pubs and hotels for the 10 weeks to 22 January.

The company did not reveal like-for-like sales in its tenanted division but said like-for-like profits were "level" for the 43 weeks to 22 January.

Meanwhile its own beer volumes grew 1% in the 17 weeks to 22 January 2011 but fell 1% over the 43 weeks.

The company also warned that 2011-12 was likely to be tough. "Cost inflation is becoming an issue and we are concerned that in these uncertain times our customers may have less discretionary spend," the company said in an interim management statement.

Despite that it indicated that it was "confident" it would meet its expectations for the full financial year.

Since the half year, Fuller's has disposed of four pubs which no longer fitted its estate: the Fur & Feathers in Herriard, the White Bear in Hounslow, the Waggon & Horses in Brentford and the Jackdaw & Rook in Balham. It now has 360 pubs in its estate.

Net debt stood at £90.5m at the end of the third quarter on 25 December 2010, down from £93.6m.

Fuller's pubs in speed-dating with local suppliers >>

Fuller's raids brewing archives for ‘XX Strong Ale' >>

Fuller's reports record December sales >>

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking