Fuller’s managed lfls grow 6.6%

Like-for-like profits in its Tenanted Inns were up 5% and total beer and cider volumes in The Fuller’s Beer Company rose 5%.

Chief executive Simon Emeny said: “We are very pleased with the new trading year so far and remain on course, despite the previously noted cost headwinds that are buffeting our industry including increased business rates, the impact of the National Living Wage and the introduction of the Apprenticeship Levy.

“We have a world leading hospitality sector in the UK and we urge the Government to consider our needs as it negotiates the country’s exit from the European Union.

One in 10 new jobs created is in a pub, bar or restaurant and non-UK workers are an essential element in delivering the one billion meals that are served in pubs alone every year. In our own estate, the contribution made by colleagues from across Europe and beyond should not be underestimated and we will continue to invest record amounts in developing our team members across the business.

“We have a clear, long-term vision and an offer across all parts of Fuller’s that is relevant and attractive to today’s consumer. With outstanding pubs, great brands and
well trained and motivated people to deliver excellent service, we are well-positioned for further progress.”