Mitchells & Butlers reports sales growth despite strong comparatives
British pub operator Mitchells & Butlers saw sales continue to grow despite strong comparatives stemming from last year's World Cup and extended period of sunny weather.
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Mitchells & Butlers revealed on Wednesday that like-for-like sales for the 10 week period since its last announcement had grown 2.8%, with its performance remaining "consistently ahead of the market".
The FTSE 250-listed landlord also noted that growth in food sales had been "particularly strong" in comparison with a period last year that had included strong drink sales driven by the World Cup.
Total sales increased 4.1% year-to-date.
Chief executive Phil Urban said: "We are pleased with sales performance which remains convincingly ahead of the market.
"Whilst growth across the market during the early weeks of the period reflected the World Cup and sunny weather last year, we are encouraged by how growth has strengthened in recent weeks. We remain confident in the momentum we have gained."
As of 0900 BST, Mitchells & Butlers shares had picked up 2.18% to 304p.