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Fuller, Smith & Turner concerned about inflation
Thu, 16 Oct, 2008
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Fuller, Smith & Turner concerned about inflation
Wed, 23 Jul 2008, 15:08:00
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Fuller Smith and Turner
402.50p
+1.83%
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Pub owner <b>Fuller, Smith & Turner</b> said the business remains in line with expectations but its future results remain dependent on inflationary pressures affecting consumers.<br /><br />"The inflationary impact on our costs has increased and, despite our solid trading performance, there are many signs that the UK consumer is also feeling the squeeze," said the group.<br /><br />"Our future results remain dependent on these factors, but the performance of the business is currently in line with our expectations," it added.<br /><br />The group said its performance remains robust in what continues to be a challenging market.<br /><br />Fuller's Inns, its pub and hotel division, saw invested like for like sales in its managed pubs increase by 2.7% in the first 16 weeks to 19 July 2008. <br /><br />The Fuller's Beer Company's own brewed beer volumes remained in growth against the backdrop of a falling beer market.
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