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Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Equity Bottom-Up

<p>Fulham Shore has hit the spot with a positive trading update, a forceful endorsement of post-pandemic growth opportunities and confirmation of its own resources and ambition. In the eight weeks to 15 August sales showed impressive resilience (up 8%+ on 2019) despite exposure (almost 25% of sites) to subdued city centres (sales down 41%) as well as continued restrictions in the first half of the period. Increasing site availability and extensive savings in rents and capital costs on COVID-19 fallout look set to return openings to 2019 levels (10 due this year) and in the medium term a step change in estate size (a further 150+ locations across the UK plus international franchising). A cash-generative model with strong finances (£3.5m net cash with £28m headroom) should back this ambition.     
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Fulham Shore has hit the spot with a positive trading update, a forceful endorsement of post-pandemic growth opportunities and confirmation of its own resources and ambition. In the eight weeks to 15 August sales showed impressive resilience (up 8%+ on 2019) despite exposure (almost 25% of sites) to subdued city centres (sales down 41%) as well as continued restrictions in the first half of the period. Increasing site availability and extensive savings in rents and capital costs on COVID-19 fallout look set to return openings to 2019 levels (10 due this year) and in the medium term a step change in estate size (a further 150+ locations across the UK plus international franchising). A cash-generative model with strong finances (£3.5m net cash with £28m headroom) should back this ambition.     


United Kingdom

The Fulham Shore PLC owns, operates, and manages restaurants in the United Kingdom. The company operates approximately 24 restaurants, including 9 restaurants under The Real Greek name and 15 restaurants under Franco Manca name. The company was founded in 2012 and is based in London, the United Kingdom.

The Fulham Shore (FUL LN)

Fulham Shore - Hungry for more

Fulham Shore has hit the spot with a positive trading update, a forceful endorsement of post-pandemic growth opportunities and confirmation of its...

Edison Investment Research