UK pubs and restaurants group Mitchells & Butlers reports 7.3% rise in total sales, with 7% increase in food sales and 5.3% in drink sales.
Mitchells & Butlers (M&B), a UK-based pubs and restaurants group, reported a 7.3% rise in total sales for the year, with a 7% increase in food sales and 5.3% in drink sales. The company completed 139 conversions and opened six new sites. Despite expected net cost headwinds of £55m due to rising labour costs, M&B anticipates deflation in energy costs and strong cost control will help rebuild margins, and they remain confident in meeting full-year expectations.
July 25, 2024
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