Fuller Smith & Turner’s 5.3% LFL Sales & Buyback Boost Share Value

Fuller Smith & Turner PLC: Trading Update – 15 January 2026

Fuller Smith & Turner PLC (FSTA) has confirmed that its premium pubs and hotels business continues to generate robust growth and delivers on its capital allocation framework.

Sales Momentum

Over the 41‑week period to 10 January 2026, the Company reported like‑for‑like sales growth of 5.3 % year‑to‑date, a figure that includes an exceptional five‑week Christmas and New Year season across all estate segments. The holiday period alone delivered 8.2 % growth against a strong 2025 baseline, underscoring the resilience of the hospitality sector and the strength of the Fuller’s brand during peak demand.

Profitability & Operational Excellence

The management team highlighted that the strong sales performance was matched by a continued rise in profitability. Executive Chairman Simon Emeny praised the dedication of staff across the pubs, hotels and support centre, noting that their efforts were instrumental in achieving the outstanding seasonal results. The Company’s operating model – combining high‑margin pub operations with premium hotel and catering assets – remains a key driver of its profitability profile.

Fuller Smith & Turner has completed the initial 1 million “A” share buyback programme and announced that the Board has approved a second programme of up to 1 million additional “A” shares. The buyback is being undertaken at a time when the company’s share price is near the 52‑week high of 746 GBX, reflecting confidence in the business’s long‑term value proposition and providing a tangible return to shareholders.

Investment Programme

In line with its capital investment strategy, the Company has scheduled several exciting projects for the final quarter of the financial year. These initiatives, aimed at enhancing the guest experience and expanding the premium pub offering, are expected to contribute further to revenue growth and margin improvement.

Market Context

London’s market closed higher on Wednesday, with the FTSE 100 gaining 0.5 % and the FTSE 250 up 0.1 %. Gold prices were buoyant, and mining stocks benefitted from the safe‑haven demand. In this broader backdrop, Fuller Smith & Turner’s performance stands out as a clear winner within the consumer‑discretionary sector, underlining the company’s strategic positioning and operational resilience.

Outlook

The Company remains confident in sustaining its growth trajectory, underpinned by strong seasonal demand, efficient cost management and an active capital allocation programme. With the share buyback programme underway and new investment projects set to launch, Fuller Smith & Turner is well‑positioned to deliver continued value to shareholders through both earnings growth and disciplined capital deployment.