Mitchells & Butlers returns to stronger sales growth and holds its outlook
Mitchells & Butlers ($MAB) reported like-for-like sales growth of 2.1% over 51 weeks, with fourth-quarter growth recovering to 1.4% after a flat third quarter. Drinks sales increased 2.7% over the year and food sales rose 1.8%. Management linked the recent improvement to more normal weather conditions and maintained its expectations for the full-year result. The group estimates cost headwinds of approximately £95 million in the following year, compared with £120 million in the current year. That
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