Mitchells & Butlers 8 week sales rise; Cost headwinds remain
Mitchells & Butlers
287.00p
16:40 03/06/25
Restaurant and pub owner Mitchells & Butlers said total sales for the year to date had increased 0.5%, impacted by disposals in the previous 12 months.
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In a trading update, the owner of Harvester and All Bar One, said like-for-like sales growth was 2.2% in the eight weeks to 22 September, adding that the period had seen a more normalised split between drink and food sales following a period of very strong drink growth over the summer.
On a reporting basis like-for-like sales growth was 0.8% in the past eight weeks, and 1.2% in the year to date.
Cost headwinds remain largely unchanged and, as previously advised, are expected to lead to margins being lower than last year.
Chief executive Phil Urban said the company continued to work to “mitigate the cost headwinds impacting the industry and we remain confident of delivering full year results in line with the board's expectations".