Sales at Mitchells & Butlers restaurants and pubs rise but remain 'volatile'

23 September 2021 by
Sales at Mitchells & Butlers restaurants and pubs rise but remain 'volatile'

Sales across the 1,650-strong Michells & Butlers restaurant and pub estate have returned to pre-pandemic levels, despite some "volatility" in performance.

In the 18 weeks since full indoor trading reopened on 17 May, like-for-like sales were 97% of those achieved during the same period in 2019, according to a trading statement for the 51 weeks to 18 September 2021.

In the most recent eight-week period, business has increased to 104% of 2019 levels.

Trading for the group, which operates 15 brands including All Bar One, Harvester and Vintage Inns, has been stronger in suburban and food-led-brands, particularly those at the more premium end of the market.

Total sales for the year, including 18 weeks of enforced closure due to lockdown, are at 45% of pre-Covid levels.

Phil Urban, chief executive, said: "We are encouraged by the improvement in sales performance following the easing of restrictions. However, we are still seeing volatility and a contrast between sales performance at food led and wet led brands, highlighting the continuing uncertainty.

"Our diverse estate, balanced across a wide range of offers, puts us in a strong position coming out of the pandemic."

As of 18 September, Mitchells & Butlers had cash balances on hand of £197m, with undrawn unsecured facilities of £150m.

Image: Willy Barton / Shutterstock

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