Fuller, Smith & Turner (FSTA.L) Stock Analysis & Winston Score

Fuller, Smith & Turner is a British pub and hotel company based in London. It owns and operates a chain of pubs, restaurants, and inns, mostly in and around London and southern England. The company is known for its premium "Fuller's" brand pubs and also brews Fuller's London Pride, one of the most recognized ales in the UK. The company makes money by selling food, drinks, and hotel rooms directly to customers in its managed pubs and hotels. It operates almost entirely in the UK, with a portfolio of several hundred properties, giving it a strong regional brand presence in London and the South East. Fuller's sold its brewing and beer brands business to Asahi in 2019, so it now focuses purely on running pubs and hotels. The main risk the business faces is consumer spending pressure, since people cut back on eating and drinking out when household budgets get tight.