Toby Carvery drives M&B growth

By John Harrington

- Last updated on GMT

Related tags: Toby carvery, Convivial london pubs, English-language films, Deutsche bank

M&B chief Alistair Darby said its Toby Carvery brands was performing well
M&B chief Alistair Darby said its Toby Carvery brands was performing well
Mitchells & Butlers (M&B) chief executive Alistair Darby has told M&C Report he’s pleased with the progress of the group’s core growth brands, amid claims that Toby Carvery is “going like a train”.

Darby said he was encouraged by the performance of Toby Carvery, Harvester, All Bar One and Miller & Carter, with Toby and Miller & Carter
in particular “performing very strongly”.

Of the 10 sites the group opened during the period, four were sites acquired from Convivial London Pubs, two were Miller & Carters, one was an All Bar One in Euston, two a Toby and a Harvester near Ipswich and one a Toby in the north east.

Christmas sales

Darby said: “There is more to do, but I am pleased with the progress we are making with these core brands. Toby is going like a train.”

However, leading analyst Geof Collyer of Deutsche Bank said a “Herculean effort” was still required to turn around the estate’s bottom quartile.
Last week M&B reported a 2% rise in like-for-like sales in the 17 weeks to 25 January, helped by a 2.6% rise in sales across the three-weeks to 4 January and milder weather.

Like-for-like food volumes during the three weeks climbed 1.3%, with the group selling 6.9m meals.

Christmas Day like-for-likes grew 7.5%, with 193,000 meals sold. The festive period included its biggest ever sales week.

Related topics: Mitchells & Butlers

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