UK's Fuller Smith & Turner H1 revenue rises on football events

Overview

• UK pubs and hotels operator's H1 revenue rose 6.5% year-on-year

• Adjusted pretax profit up 25%, adjusted EPS rose 33% for the half

• Company completed acquisition of 12 new pubs during the period

Outlook

• Company expects FY2027 adjusted profit before tax to be ahead of market expectations

• Like for like sales for first 32 weeks to 7 Nov 2026 up 5.8%

• Christmas bookings currently 16% ahead of same period last year

Result Drivers

• SALES GROWTH - Co said higher like-for-like sales in managed pubs and hotels drove revenue and profit growth

• FAVOURABLE EVENTS - Co said exceptional summer weather and the football World Cup boosted trading

• ESTATE EXPANSION - Acquisition of 12 pubs contributed to growth and is expected to add long-term value

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the restaurants & bars peer group is "buy"

• Wall Street's median 12-month price target for Fuller Smith & Turner PLC is GBp880.00, about 7.8% above its November 10 closing price of GBp816.00

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)