London brewer and pub operator Fuller, Smith & Turner has said it enjoyed 'strong trading' in the 43 weeks to 23 January, with performance led by its managed pub and hotels arm.
Like-for-like sales across managed sites rose by 5.3%, while profits from its Tenanted Inns division climbed by 3%. However, it was not all good news. Total beer and cider volumes from the Fuller’s Beer Company fell by 1%.
Chief executive Simon Emeny, said: 'A good performance throughout the year has been boosted by another successful Christmas.
'Our long term strategy of providing freshly‐cooked food, engaging service and an excellent portfolio of premium brands, supported by investment in our pubs to create stylish environments for our customers, continues to deliver consistently good results. I believe we are in a good position as we progress through the last quarter.'
Fuller's currently operates 190 managed pubs and hotels and 202 tenanted pubs, located from Brighton to Birmingham, and from Portishead to the Greenwich Peninsula, with 172 sites within the M25. In 2014 Fuller’s acquired a 51% stake in The Stable, a craft cider and gourmet pizza restaurant business which has 13 sites in the south and south west of England.