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Mitchells & Butlers posts rise in Christmas sales

StockMarketWire.com

Mitchells & Butlers said trading through the three-week festive season was "strong", with like-for-like sales growing by 3.9% on-year.

Christmas Day was a record taking day, the company said, with like-for-like sales growing by 5.4% and 225,000 meals sold.

However, adverse weather conditions in the lead up to Christmas limited sales growth to 1.6% over the full seven-week period since the company's last update.

On an unadjusted basis, like-for-like sales growth in the year to date was 1.1% and total sales had increased by 0.5%, impacted by asset disposals in the prior year.

"We are pleased to have delivered continued strong trading results over the important festive period in the face of difficult weather for many of our guests, indicating the attractiveness of our offers in a competitive market," chief executive Phil Urban said.





Story provided by StockMarketWire.com