Fuller, Smith & Turner concerned about inflation

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Date: Wednesday 23 Jul 2008

LONDON (ShareCast) - Pub owner Fuller, Smith & Turner said the business remains in line with expectations but its future results remain dependent on inflationary pressures affecting consumers.

"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.

"Our future results remain dependent on these factors, but the performance of the business is currently in line with our expectations," it added.

The group said its performance remains robust in what continues to be a challenging market.

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.

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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