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

M&B weathers adverse conditions and reports strong festive trading

12 January 2018 by
M&B weathers adverse conditions and reports strong festive trading

Mitchells & Butlers has reported strong festive trading despite business being affected by adverse weather.

In its first quarter trading update, covering the 14 weeks ended 6 January 2018, the pub and restaurant business reported strong trading through the core three-week festive season, with like-for-like sales growth of 3.9%. Christmas Day was a record taking day, with like-for-like sales growth of 5.4%.

Over the last seven weeks sales performance has been encouraging, despite adverse weather, particularly in the run-up to the festive season.

Chief executive Phil Urban said this indicates "the attractiveness of our offers in a competitive market".

It reports the additional week in the previous financial year impacts comparison of sales performance; adjusting for this to align calendar dates, like-for-like sales growth was 1.6% over the previous seven weeks and 2.2% in the year to date.

On an unadjusted basis, like-for-like sales growth in the year to date was 1.1% and total sales have increased by 0.5%, impacted by the disposals in the prior year.

Mitchells & Butlers, which operates brands including Miller & Carter steakhouses, All Bar One, Harvester and Toby Carvery, aims to complete around 270 remodels and conversions in the full year.

Mitchells & Butlers reports strong third quarter performance >>

Mitchells & Butlers grilled over Facebook steak ad >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

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.

close

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