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Sales growth for Mitchells & Butlers

25 | 07 | 13

Pub and restaurant chain Mitchells & Butlers has reported sales growth in its most recent quarterly update. 

The company saw a 1.6 per cent increase in trade for the 14 weeks up to July 20th. However, since it announced its half year results nine weeks ago, like-for-like sales growth stands at two per cent. 

Alistair Darby, Mitchells & Butlers chief executive, commented: "While the cash in people's pockets remains tight, consumers continue to demand great service and excellent value when they eat and drink out.

"In this context, we are pleased with the progress that we are making through our business transformation programme to empower and develop our people, modernise our practices and delight our guests."

The company is the UK's largest operator of managed restaurants and pubs and currently runs around 1,600 venues across the UK and has opened 11 new sites and converted five outlets in the current financial year. It owns a number of recognisable brands including Toby Carvery, Harvester and Crown Carveries and serves an estimated 130 million meals and 410 million drinks each year.

Mr Darby said the firm is focusing on "the most attractive consumer spaces" and building on the strength of its subsidiaries to enable sustainable growth. He claimed the company remains on course to deliver full year results that are in line with its board's expectations. 

The news that one of the UK's biggest players in the eating out industry has recorded sales growth will be welcomed by catering equipment suppliers, whose fortunes are closely aligned to those of retailers. 

It also supports the latest evidence from the Coffer Peach Business Tracker, which found restaurant and pub sales increased by 1.9 per cent in June 2013, compared to the same month last year. Trade was also up by 1.2 per cent on the figures for May. 

The industry performed best in London, where there was a like-for-like sales increase of more than five per cent.ADNFCR-16001031-ID-801616790-ADNFCR

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