The pub and hospitality sector continues to recover from the pandemic and inflationary pressures, and premium pub and hotel group Fuller Smith & Turner (FSTA) is due to update the market with full-year results to the end of March on 13 June.

The shares are trading close to 12-month highs, reflecting strong momentum in the business which saw the company deliver like-for-like sales growth of 11.5% for the 40 weeks to 20 January.

At the last trading update (25 January), chief executive Simon Emeny said the business was ‘in great shape’ and despite the challenging economic backdrop and significant increase in the National Living Wage he was confident the company would meet full-year expectations.

According to Refinitiv data, consensus sales forecasts call for a 5% increase year-on-year to £355 million while EPS (earnings per share) are expected to grow 39% to 24.6p. Consensus analyst EPS forecasts have risen by around 3% over the last year.

At the half-year stage, the company hiked its dividend by 42% and announced a further one million ‘A’ shares buyback. Investors will be looking for further signs of waning inflationary pressures and continued margin improvement as profitability continues to climb back towards pre-pandemic levels. 

UK UPDATES OVER THE NEXT 7 DAYS

FULL-YEAR RESULTS

11 June: FirstGroup, Iomart, Cake Box, Oxford Instruments

12 June: Castings, Molten Ventures

13 June: Motorpoint, PayPoint, Halma, NetScientific

FIRST-HALF RESULTS

12 June: RWS Holdings, Safestore, Driver Group

TRADING ANNOUNCEMENTS

11 June: Bellway

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