M&B like-for-like sales up 4.8% over Christmas period

By James Wallin, M&C Report

- Last updated on GMT

Related tags: Like-for-like sales, Like-for-like sales growth, Christmas

M&B served more than 200,000 meals on Christmas Day
M&B served more than 200,000 meals on Christmas Day
Managed pub operator Mitchells & Butlers has reported like-for-like sales up 4.8% for the festive fortnight and 7.1% on Christmas Day, when more than 200,000 meals were sold.

For the 17 weeks to 24 January total sales increased by 9.1%, with like-for-like sales growth of 1.7%. Like-for-like food sales were up 2.8% with drink sales seeing growth of 0.4%.

The company said that margins continue to be weaker than last year “due to a number of factors including the planned integration of the Orchid business and the careful approach which we have adopted to pricing in a demanding consumer environment”.

On track

M&B acquired four sites and converted 15 in the year to date, including the first six conversions of Orchid sites to its existing brands and formats. The company said it remains on track with the integration of the Orchid business.

Chief executive Alistair Darby said: “We are pleased to have delivered a good trading performance over the important festive season.  As we now move into the more difficult winter trading period we continue our focus on growing our business through increased volumes, upgrading infrastructure and further improving staff turnover and net promoter scores. 

"The Orchid integration plan is on track and we are encouraged by the early trading performance of the converted sites.”

M&B said investment into its EPOS system is progressing on schedule, with more than 1,400 pubs now live and the project due to complete this financial year.

Related topics: Mitchells & Butlers

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