Fulham Shore has issued an ahead of expectations y/e update, reinforcing the resilience and strength of the proposition in the casual dining sector. It has navigated a tricky Q4 and executed very well on the expansion front. We upgrade our FY22 adj. EBITDA by 8.5% - implying a cumulative 24% since Aug’22. It enters FY23 with good trading momentum, a growing and accretive site pipeline and a value proposition well suited to the current consumer climate. Unlike various recent sector downgrades, we ....
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More upgrades; winning formula in the current climate
- Published:
04 Apr 2022 -
Author:
Sahill Shan -
Pages:
4
Fulham Shore has issued an ahead of expectations y/e update, reinforcing the resilience and strength of the proposition in the casual dining sector. It has navigated a tricky Q4 and executed very well on the expansion front. We upgrade our FY22 adj. EBITDA by 8.5% - implying a cumulative 24% since Aug’22. It enters FY23 with good trading momentum, a growing and accretive site pipeline and a value proposition well suited to the current consumer climate. Unlike various recent sector downgrades, we ....