Continued strong trading over the festive season has increased like-for-like sales at Mitchells & Butlers in the year to date to 10.4%, with total sales growth of 13.3%.
The companies continues to focus on investment in its estate, premiumising where possible, as well as improving amenity. In the year to date it has already completed 43 conversions and remodels, and opened one new site — a second All Bar One at Edinburgh Airport.
“We are encouraged by a strong performance through the first quarter, and delighted to have been able to welcome our guests back over the festive trading season after three years of disruption due to Covid 19, setting sales records as we did so,” said Mitchells & Butlers chief executive, Phil Urban.
“However, we are mindful that the trading environment for the hospitality sector remains very challenging, with inflationary costs putting sustained pressure both on the industry’s margins and disposable income of our guests.
“We remain focused on our Ignite programme of initiatives and our successful capital investment programme, driving cost efficiencies and increased sales. Combined with our diverse portfolio of established brands, value proposition, and enviable estate locations, we believe we are well positioned to meet the challenges of the year ahead.”