Fuller Smith & Turner Records Higher Christmas And New Year Sales
Fuller Smith & Turner Plc has reported higher sales at its pubs and hotels during the Christmas and New Year period in its first festive season after the sale of its beer business to Japan's Asahi Group last year.
"A Year Of Change"
"It's been a year of change for Fuller's and this is a good first Christmas as a focussed premium pubs and hotels business," CEO Simon Emeny said.
Fuller sold its beer unit to Japanese brewer Asahi in January of last year to focus on pubs and hotels, which had generated 87% of its operating profit.
Like-for-like sales in managed pubs and hotels rose 4.3% during the six weeks that ended on January 18, while for the 42-week period sales were up 2.5%, the company said.