Home Business News Mitchells & Butlers reports sales growth

Mitchells & Butlers reports sales growth

by LLB Reporter
31st Jul 19 1:21 pm

All Bar One owner Mitchells & Butlers has reported sales growth in the third quarter with like-for-like sales in the 10 weeks to 27 July were up by 2.8%.

Sales were up across groups brands which include Toby Carvery, O’Neills and Nicholson, driven by food sales.

Food sales were up by 5.4% however, drinks sales were down by 0.3%, total like-for-like sales thus far in the year have grown to 3.6%.

Chief executive Phil Urban said: “We are pleased with sales performance, which remains convincingly ahead of the market.

“Whilst 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.”

In early trading shares were up by 22% on Wednesday.

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