UK pub chain Mitchells & Butlers reports 64% increase in operating profit to £164m in 28 weeks, with like-for-like sales up 7% to £1.4bn.

Mitchells & Butlers, a UK pub chain, reported a 64% increase in operating profit to £164m in the 28 weeks to 13 April, with like-for-like sales rising 7% to £1.4bn. The company attributes its strong performance to outperformance against the market, easing inflationary costs, and focusing on efficiency. Mitchells & Butlers expects the full-year results to be at the top end of forecasts, with continued progress into FY 2025.

May 22, 2024
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