Mitchells & Butlers (LSE:MAB) has reported encouraging sales growth in its third-quarter trading update, with like-for-like sales rising 4.5% year-to-date. This uplift was supported by favorable weather conditions and holiday periods. The company has made substantial investments in refurbishing sites and enhancing energy efficiency, alongside successfully refinancing its debt facilities. Management remains confident in navigating cost pressures and aims to meet or exceed the upper range of consensus forecasts for the year.
The company’s strong revenue growth and insider share purchases contribute to a positive outlook, despite ongoing concerns around its level of debt. Positive technical signals further underpin Mitchells & Butlers’ current market position.
About Mitchells & Butlers
Mitchells & Butlers is a prominent operator of managed pubs and restaurants, boasting a broad brand portfolio including Harvester, Toby Carvery, and All Bar One. The group also manages Innkeeper’s Collection hotels across the UK and the Alex restaurant and bar chain in Germany.
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