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

Mitchells & Butlers reports strong third quarter performance

27 July 2017 by
Mitchells & Butlers reports strong third quarter performance

Pub and restaurant business Mitchells & Butlers has reported a strong performance in its third quarter trading update covering the 43 weeks ending 22 July.

The company reports like-for-like total sales growth of 2% and total sales have increased by 3.1% in the year-to-date, however increased cost pressure is expected to lead to margins being lower than last year.

It describes trading since the half year point as "strong", with like-for-like sales growth of 2.6% over the 10-week period continuing both the momentum reported at the half year and outperforming the market.

Phil Urban, chief executive, said: "Sales performance since the half year has been encouraging, with strengthening like-for-likes helped by the sunny weather and continued outperformance to the market. The cost headwinds we face remain challenging. However, we are working hard to mitigate these where we can and we are confident that continued focus on the three strategic priority areas we have identified will help us to deliver a performance for the full year in line with the board's expectations and will generate long term sustainable shareholder value."

The company has opened 13 new sites and completed 224 conversions and remodels in the financial year to date.

Aprirose acquires 73 Mitchells & Butlers pubs >>

Mitchells & Butlers to expand Miller & Carter and cut Harvester sites >>

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