Fulham Shore says trading is 'resilient' despite 'turmoil' in UK economy

31st Aug 2022 08:09

(Sharecast News) - Fulham Shore described current trading as "resilient", adding that it was running in line with management's expectations, no thanks to the turmoil in the UK economy and recent sporadic train and tube disruptions.

Likewise, all new restaurant openings had been well received and were also performing as expected, the company said ahead of its annual general meeting.

The owner of the Franco Manca pizzeria chain also said that it was on track to deliver 18 new restaurants in the current financial year with the current number standing at 90.

"Franco Manca and The Real Greek continue to operate busy restaurants," executive chairman, David Page, said.

"Our customers are attracted by our high-quality ingredients and great prices. Despite the disruption caused by rail strikes our restaurants old and new provide a great space for people to meet and enjoy time with family, friends and colleagues."

Net cash as at 30 August was put at £4.7m. That sum was on top of £15.9m of undrawn bank facilities.

As of 11:11 BST, shares of Fulham Shore were unchanged at 11.25p.