Mitchells & Butlers

M&B reports record market outperformance in 2023

M&B reports record market outperformance

By Shwetali Sapte, MCA

Mitchells & Butlers (M&B) has reported financial results for the year ended 30 September 2023 (FY23), with like-for-like (lfl) sales growth of 9.1% against FY22.

Head-to-head: M&B to rival Greene King's US-style barbecue operation with new smokehouse opening (Credit: Getty/luchezar)

EXCLUSIVE

M&B to launch US-style barbecue venue

By The Morning Advertiser

Mitchells & Butlers (M&B) are set to go head-to-head with Greene King with the launch of a new operation focused on "Slow ‘n Low" US-style barbecue food.

Trading update: M&B's results cover the year to 24 September 2022 (image: Getty/Ole Schwander)

M&B reports profit recovery

By Nikkie Thatcher

Mitchells & Butlers (M&B) has revealed profits have recovered in its latest trading update, covering 52 weeks ending 24 September 2022, despite a "highly challenging trading environment".

Pushing forward: M&B reports profits of £120m

M&B reports profits of £120m

By Rebecca Weller

Large multi-site pub operator Mitchells & Butlers (M&B) has reported profits of £120m for the first half of 2022.

Look back: The Morning Advertiser has delved into Mitchells & Butlers through the ages

M&B's acquisition story

By Nikkie Thatcher

Pub company Mitchells & Butlers (M&B) currently has more than 1,700 sites across the restaurant and pub sector. Here, The Morning Advertiser takes a look back at how the business got to where it is today, through its merger and acquisition activity.

Results revealed: Mitchells & Butlers has unveiled its trading update (image: Getty/Tay Junior)

M&B reveals volatile trading

By Michelle Perrett

Mitchells & Butlers (M&B), the managed pub operator that owns brands including Harvester and Toby Carvery, has revealed that trading has been volatile since reopening on Monday 17 May.

Sales results: Trading has been 'volatile' for the managed pub company

Mitchells & Butlers: Trading has been 'volatile'

By Michelle Perrett

Mitchells & Butlers (M&B), the operator of managed restaurants and pubs including Harvester, Toby Carvery and Nicholson's, has revealed sales have been “volatile” since full reopening on Monday 17 May.

What is my brief? ‘I have to deliver and enforce the pubs code as it is, and not as some may argue it should be’

Opinion

Looking ahead: the post-Covid pubs code

By Fiona Dickie – pubs code adjudicator

The announcement that I would be the next pubs code adjudicator (PCA) was made on 24 February 2020. The first lockdown came just three weeks later.

Covid impact: 'With the support of our main stakeholders, we are now well placed to emerge in a strong competitive position and look forward to the removal of remaining trading restrictions,' M&B's Phil Urban explained

M&B suffers £200m loss as pandemic restrictions bite

By Stuart Stone

Despite takings tumbling by 79% during the six months to 10 April, the CEO of the firm behind Toby Carvery and All Bar One believes it can emerge from pandemic restrictions in a ‘strong competitive position’.

Discount denied: 'It leaves us with no breathing space. Essentially the discount is totally irrelevant to us,' Phil Urban, CEO of M&B, said (Image: selensergen/Getty Images)

‘Business rates cap will harm pub revival’

By Stuart Stone

The Government must re-consider its proposed £2m business rates relief cap or face the continued “systemic closure” of pubs, according to Colliers International’s head of business rates.

Capital raise: Mitchells & Butlers has secured gross proceeds of £350.5m from shareholders as it bids to weather to Covid-19 pandemic

M&B completes £350m fundraise

By Stuart Stone

Toby Carvery and All Bar One operator Mitchells & Butlers (M&B) has secured gross proceeds of £350.5m from shareholders as it bids to weather to Covid-19 pandemic.

Uncertain and challenging year: 'With our great estate, balanced portfolio of brands and proven management team, we remain optimistic that we will be able to regain the momentum previously built', M&B's Phil Urban explained

M&B posts pre-tax loss as 1,300 workers made redundant

By Stuart Stone

Birmingham-based pub group Mitchells & Butlers (M&B) has revealed a £300m swing from pre-tax profit to loss in the 52 weeks ended 26 September 2020 – a period in which it was forced to axe 1,300 staff members.

Closed venues: the sites are a mix of Mitchells & Butlers brands, The Morning Advertiser understands

M&B to close ‘a number of sites’

By Nikkie Thatcher

The operator of brands such as All Bar One, Sizzling Pubs and Toby Carvery, Mitchells & Butlers (M&B), is closing a number of leasehold sites.

On the up: vaccine sees pub shares rocket

Breaking

Covid vaccine sees pubco shares rise

By Nicholas Robinson

Major pubco share prices rocketed today following the announcement of a coronavirus vaccine by pharmaceutical companies Pfizer and BioNTech.

Job losses: M&B is the latest pub group to reveal it is consulting on redundancies

M&B announces redundancy consultation

By Nikkie Thatcher

Mitchells & Butlers (M&B), the pub company behind brands including Sizzling Pubs, Toby Carvery, All Bar One and Nicholson’s, has opened redundancy consultations for staff.

New normal: 'I am particularly impressed by the way in which our teams have made this possible by responding to the challenge of our new operating environment with energy and enthusiasm,' M&B's Phil Urban said

M&B sales slip 6.4% post-EOTHO

By Stuart Stone

Birmingham-based pub group Mitchells & Butlers (M&B) has revealed its like-for-like sales for the first three weeks of September are down versus its Eat Out to Help Out boosted August numbers.

Cost-cutting measures: M&B believes its strategy will be ‘sufficient to fund obligations well into the second half of the year’

#Unitedwestand

M&B furloughs more than 45,000 staff members

By Stuart Stone

The operator behind high street stalwarts O’Neill’s and All Bar One has furloughed 99% of its workforce in a bid to weather the ongoing Covid-19 crisis.

From the ashes: Ye Olde Six Bells in Horley to reopen

Fire damaged Vintage Inns pub to reopen

By Nicholas Robinson

Historic Vintage Inns pub the Ye Olde Six Bells in Horley, Surrey, is to reopen on 6 December after being severely damaged and closed by a fire in the spring.

Strong performance: Mitchells & Butlers announces its trading results

Drinks sales drive M&B performance

By Emily Hawkins

Mitchells & Butlers (M&B) announced its sales have outperformed the market, thanks to a boost in drinks sales this summer.

Success stories: five pub apprentices explain how they have got stuck into their careers

What is it like being a pub apprentice?

By Emily Hawkins

During National Apprenticeship Week last week (4-9 March), The Morning Advertiser spoke to apprentices in the pub business about their experiences of the industry and their highlights so far.

Yearly results: Mitchells & Butlers has reported an increase in like-for-like sales and pre-tax profits

Profit boost for Mitchells & Butlers

By Emily Hawkins

Mitchells & Butlers has reported an increase in its pre-tax profits while its adjusted operating profits dropped slightly, in its yearly financial results.

Ratings rise: HSBC has upgraded its ratings for Mitchells & Butlers and Greene King

Pubcos' ratings upgraded by HSBC

By Emily Hawkins

HSBC has upgraded its ratings for Mitchells & Butlers and Greene King despite a mixed performance because of wet weather conditions earlier this year.

Pubs take lead in price rises

Analysis

Pubs take lead in price rises

By MC Allegra FS

The latest menu pricing analysis conducted by M&C Allegra Foodservice has shown greater price rises in the pub sector than in restaurants or fast-food outlets.

Young's joins Marston's and M&B in announcing growth

Young's

Revenue up 7% for Young's

By Mark Wingett

Young’s has this morning reported a 6.5% increase in like-for-like sales across its managed estate in the year leading up 30 March, with total revenue up 7.6%.

EPOS supplier Zonal expects turnover to top £50m

EPOS supplier Zonal expects turnover to top £50m

By John Harrington, M&C Report

Zonal, the electronic point of sale (EPOS) supplier to the hospitality and leisure sector, expects full-year turnover to grow from £41.3m to £52m in the year to 30 June 2014 as the group expands its operations and continues to innovate.

M&B financial results

M&B reports small rise in full-year sales

By John Harrington

Mitchells & Butlers (M&B), the managed operator, has reported a 0.4% rise in like-for-like sales in the year to 28 September as pre-tax profit grew from £82m to £150m.

Mitchells & Butlers Q4 like-for-likes

Mitchells & Butlers Q4 like-for-likes down 1%

By Mark Wingett

Mitchells & Butlers (M&B) has this morning announced a 1% decline in like-for-like sales for the nine weeks to 21 September, but said that it expected to deliver a full-year result in line with expectations.