UK: Fuller, Smith & Turner confident on FY target
Fuller, Smith & Turner, the pub owner and brewer of London Pride beer, has said it expects to meet guidance for its full-year following an upturn in sales.
Own-brewed beer volumes rose by 2% for the first 16 weeks of Fuller's fiscal year to 18 July, the UK firm said today (21 July).
"Although it is early in the year, the company has enjoyed a good first quarter and we anticipate that we will perform at least in line with our expectations for the full year," said Fuller's.
"Trading has benefited from the good weather compared to the prior year," said the group, which added that its fastest growing beer brand for the period was Organic HoneyDew.
Like-for-like profits at Fuller's fell by 1% for the 16 weeks, compared to the same period a year earlier.
Sectors: Beer & cider
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