Mitchells & Butlers enjoys food sales growth

Mitchells & Butlers enjoys food sales growth

Mitchells & Butlers (M&B) has revealed its trading statement for the 14 weeks ended 4 January 2020.

The statement shows that the group traded well over the core three-week festive period, with like-for-like sales growth of 5.6%, including strong performances on all of the key festive days.

Overall sales have strengthened over the period since M&B’s last update, with like-for-like growth of 3.5%, with particularly strong food sales growth.

Total sales have increased by 2.7% over the full year to date. Within that period, M&B has completed 81 conversions and remodels as well as opening one new site.

“We are pleased with our trading performance over the festive trading season against a strong set of results last year, again demonstrating the breadth of appeal of our brands for special occasions,” says chief executive Phil Urban. “We achieved record sales levels across the five key festive days at growth of 6.5%. This continued progress reflects the output of our Ignite initiatives which will continue to be our focus for the year ahead.”