Mitchells & Butlers holds up well over summer
Pubs owner Mitchells and Butlers said like-for-like (LFL) sales increased three per cent the nine weeks to September 15th as the Olympic and Paralympic Games had little impact on overall sales.
Pubs owner Mitchells and Butlers said like-for-like (LFL) sales increased three per cent the nine weeks to September 15th as the Olympic and Paralympic Games had little impact on overall sales.
Total LFL sales for the 51 weeks to September rose 2.1% with food sales up 2.9% and drink sales up 1.4%.
Mitchells & Butlers said some businesses located near Games venues did benefit from increased number of visitors.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Executive Chairman Bob Ivell commented: "Trading has held up well over the summer despite the generally adverse weather. Our business transformation programme remains on track, driving a sharp focus on enhanced guest service and increased cost efficiency."
CJ
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Cash in on the growth prospects of Europe's companies
Opinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
By Marcel Stotzel Published
-
Is the AI boom another dotcom bubble?
25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
By Dan McEvoy Published