Mitchells & Butlers reports sales up 2.8%
Mitchells & Butlers has reported like-for-like sales growth of 2.8% in its third quarter trading update.
For the 43 weeks ended 27 July 2019, the pub group said performance remained "consistently ahead of the market" and noted growth in food sales was particularly strong in comparison with last year, where strong drink sales were driven by the World Cup and sunny weather. Total sales increased by 4.1% in the year to date.
Chief executive Phil Urban said: "We are pleased with sales performance, which remains convincingly ahead of the market. While 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, and which continues to build, driven by the ongoing impact of numerous Ignite 2 initiatives."
Mitchells & Butlers' portfolio of brands includes Harvester, Toby Carvery, All Bar One, Miller & Carter, Sizzling Pubs, O'Neill's and Ember Inns. The group has opened six new sites so far in this financial year.
MP criticises Mitchells and Butlers over plans for staff amid site closure >>
