Fulham Shore predicts a promising future

Fulham Shore has said sales were up 7% to £68.6m before the full impact of the coronavirus as it revealed its results for the year to March 2020.

It opened seven Franco Manca pizzerias and two Real Greek restaurants.

It currently has 68 of its 70 restaurants open, including one new Franco Manca site, taking the total to 52.

It said the business has “emerged in robust shape from this critical period” and without the coronavirus sales would have “exceeded market expectations”.

“Franco Manca and The Real Greek are popular with the public,” it said. “Fulham Shore is well capitalised and we have ample headroom in our borrowing facilities.

“We are confident that this, combined with our cash balances, will see us emerge from this period as a successful survivor in an albeit reduced UK restaurant sector.

“With rents likely to be falling for the next few years and more sites becoming available, the future looks promising for Fulham Shore.”