Finance
British pub chain Fuller Smith's Christmas bookings improve, profit rises 28%
Published by Global Banking & Finance Review®
Posted on November 12, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 12, 2025
2 min readLast updated: January 21, 2026
Fuller Smith & Turner sees a 28% profit rise and 16% increase in Christmas bookings, driven by strategic investments amid UK budget concerns.
(Reuters) -British pub chain Fuller, Smith & Turner said on Wednesday that its Christmas bookings were 16% ahead of year-ago levels, and reported a jump in half-year profit, supported by investments in its long-term strategy.
The group, which operates premium pubs and hotels across the UK, has been investing in its property portfolio to improve returns in hopes of offsetting costs, as consumers brace for higher taxes with the upcoming UK budget.
The firm's adjusted pretax profit rose 28% to 22.5 million pounds ($30.2 million) for the six months ended September 27, while like-for-like sales for the 32 weeks to November 8 grew 4.6%.
The company's shares rose 3% after the upbeat report, but analysts noted its "lightly nervous comment" on the uncertainties from the upcoming budget.
"I hope the Chancellor has heeded the arguments and proposals articulated by the hospitality sector to avoid further punitive financial measures but, more so, I am frustrated by the lack of a clear plan to deliver the growth the Chancellor claims to be seeking," Executive Chairman Simon Emeny said in a statement.
The comments echoed warnings from rival JD Wetherspoon last week of a heavy blow to the industry if the government repeats last year's mix of tax increases and higher wage costs in the budget.
($1 = 0.7451 pounds)
(Reporting by Unnamalai L in Bengaluru; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)
Adjusted pretax profit is a financial metric that reflects a company's earnings before tax, adjusted for non-recurring items, providing a clearer view of operational performance.
Like-for-like sales measure the revenue generated by stores that have been open for a year or more, excluding new openings, to assess the performance of existing locations.
A long-term strategy is a comprehensive plan that outlines a company's goals and the actions needed to achieve them over an extended period, typically more than one year.
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