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Pub group Mitchells & Butlers says festive trading strong
January 13, 2017 / 7:46 AM / 9 months ago

Pub group Mitchells & Butlers says festive trading strong

Jan 13 (Reuters) - Britain’s Mitchells & Butlers Plc said like-for-like sales rose 1.7 percent so far this financial year as the pub group notched up a ‘particularly strong’ trading over the festive period.

However, the company reiterated its warning of a slide in margins, citing increased cost pressure.

The group, whose pubs include Harvester, Toby Carvery and All Bar One, said total sales rose by 2.3 percent during the period with a like-for-like sales growth of 4.7 percent for the four weeks to Jan. 7, which includes the Christmas peak.

Mitchells & Butlers, which has been focusing on its food offerings, said like-for-like food sales grew by 2.8 percent during the 7 weeks to Jan. 7. (Reporting by Rahul B in Bengaluru; Editing by Gopakumar Warrier)

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