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The Fulham Shore encouraged by trading since indoor dining resumed

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The Fulham Shore PLC (LON:FUL) said it has been encouraged by trading since its restaurants reopened for indoor dining.

The restaurateur, which operates the Franco Manca and The Real Greek chains, said that in the period from May 17 – 23, like-for-like sales were down 8% on the corresponding period of 2019, i.e. pre-pandemic.

The company noted that as a consequence of physical distancing requirements, its restaurants currently have restricted capacity.

The company continues to scour the country for suitable sites new its restaurants and its legal team has a number of sites that are currently in legal negotiations.

The company added that its Franco Manca loyalty scheme user numbers have doubled since the first lockdown (March 2020) to more than 220,000.

Shares in Fulham Shore were 1.6% firmer at 16p in early dealings.

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