Mitchells & Butlers reports strong sales growth

Pub group Mitchells & Butlers has reported a sales growth in the third quarter of its financial year.

The group reported like-for-like sales growth of 2.6% over the 10 weeks to 22nd July and year-to-date sales were 3.1% higher than the previous year.

Like-for-like total sales were up 2.0%.

Chief executive Phil Urban said, “Sales performance since the half year has been encouraging, with strengthening like-for-likes helped by the sunny weather and continued outperformance to the market.’

‘The cost headwinds we face remain challenging. However, we are working hard to mitigate these where we can and we are confident that continued focus on the three strategic priority areas we have identified will help us to deliver a performance for the full year in line with the board’s expectations and will generate long term sustainable shareholder value.”