Mitchells and Butlers sees revenues rise 9.5%

14 May 2015 by
Mitchells and Butlers sees revenues rise 9.5%

Mitchells and Butlers has grown revenue by 9.5% to £1.1b, driven by an improvement in food sales.

In its half year results to 11 April 2015, the pub and restaurant group which operates brands including All Bar One, Toby Carvery and Harvester said that the market remained challenging despite growing consumer confidence.

Operating profit in the period was up 4.1% at £153m, while like for like food sales were up 2.9%.

Chief executive Alistair Darby said: "We have made good progress in the first half with continued strong food volume growth driving improved sales. Our Orchid integration plan is being successfully executed; the office is now closed and the first sites have been converted to our brands with encouraging sales uplifts.

"The market in which we operate remains challenging despite growing consumer confidence. However, we are confident that our business is well placed to capitalise on opportunities in the market and deliver future shareholder value."

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking