Mitchells and Butlers sees 1.6% growth in Q3
Mitchells and Butlers saw like-for-like sales growth of 1.6% in the 14 weeks to 20 July 2013 (Q3), it reported today in an interim management statement.
The company, which has around 1,600 managed restaurants, pubs and bars under a range of brand names including All Bar One, O'Neills and Harvester, said total sales growth in the first 42 weeks was 2.4% and operating margins remained slightly above last year.
Alistair Darby, chief executive, commented: "While the cash in people's pockets remains tight, consumers continue to demand great service and excellent value when they eat and drink out. In this context, we are pleased with the progress that we are making through our business transformation programme to empower and develop our people, modernise our practices and delight our guests.
"By focusing on the most attractive consumer spaces and building on our fundamental strengths of an excellent estate and strong brands, we are positioning the business for future sustainable growth. We remain on target to deliver a full year result in line with the Board's expectations."
