Mitchells & Butlers Reports 3.1% Rise In Like-for-Like Sales For Q4

Mitchells & Butlers (LSE:MAB), the UK-based pub and restaurant operator, reported a 3.1% increase in like-for-like sales for Q4. This contributed to a 4.2% rise for the full fiscal year ending 20 September 2025.

In the fourth quarter, food sales grew 3.4% and drink sales rose 1.9% on a like-for-like basis. Total sales for the 51-week period increased by 3.9%, with the company maintaining outperformance relative to the broader market. Management noted that mid-market pubs and pub restaurants delivered strong results, while London venues and premium businesses saw slightly softer sales.

“We are pleased with our performance over the year, in which we remained consistently ahead of the market, across all market segments,” said Phil Urban, Chief Executive. “Sales growth has been broad based, with strong like-for-like performances in both food and drink across our portfolio of brands, supported by cost efficiencies and a capital program which continues to deliver strong returns.”

The company accelerated its investment program, completing 201 conversions and remodels year-to-date, up from 185 in fiscal 2024. Mitchells & Butlers also opened two new sites – an Alex in Germany and a Browns in London – and acquired two freehold properties at existing locations.

Looking ahead, the company remains confident in meeting consensus expectations for the current fiscal year. Mitchells & Butlers anticipates higher cost inflation of around £130 million, roughly 6% of its cost base, but expressed confidence in its brands’ ability to continue outperforming the sector.

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