M&B reports sales up 4% in 51 weeks ended 21 September

Mitchells & Butlers, which has 83 pubs in Scotland, has reported total sales have increased by 4% in the 51 weeks ended 21 September 2019.

The company stated, “Since our last update sales have continued to outperform the market. In the eight weeks to 21 September like-for-like sales grew by 3.3% with drink sales growth particularly strong. Total sales have increased by 4.0% in the year-to-date. We continue to make good progress on our investment programme, premiumising offers where possible and reducing the remodel lifecycle.

We have opened seven new sites and completed 239 conversions and remodels in the financial year to date. We are pleased to have reached agreement on the 2019 triennial valuations, showing a deficit of £293m and an unchanged schedule of future contributions.”

Chief executive Phil Urban said, “Sales growth has remained consistently ahead of the market and we carry this momentum forward into the new financial year. We remain confident of the impact of our Ignite initiatives which will be continually reviewed and refreshed as the business moves forward.”

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