Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Stormy skies dampen festive cheer for Mitchells & Butlers

by January 15, 2025
January 15, 2025
Stormy skies dampen festive cheer for Mitchells & Butlers

Mitchells & Butlers (M&B), the FTSE 250 pub and restaurant operator behind chains including All Bar One, Harvester and Toby Carvery, has reported strong like-for-like sales growth over Christmas, offset by weaker performance in early 2025 due to adverse weather.

The company enjoyed a 10.4 per cent year-on-year boost in key festive trading weeks, covering Christmas Day and New Year’s Eve, while like-for-like sales for the full 15-week period to 11 January increased by 3.9 per cent. However, chief executive Phil Urban said that “cold and stormy weather over recent weeks has subsequently had a material adverse impact on trading”, softening the positive momentum.

Despite these conditions, Urban remains confident in M&B’s long-term prospects, noting that the group is well equipped to manage a forecast rise of about £100 million in costs following the government’s budget. This additional pressure includes higher employers’ national insurance contributions and an increased minimum wage, which M&B previously warned could force tougher measures on pricing and efficiency.

Industry commentators remain optimistic. Jefferies analyst James Wheatcroft suggests M&B is well placed to outpace rivals, highlighting its strong cash generation and the potential for further debt reduction. Anna Barnfather of Panmure Liberum agrees, calling M&B’s update a “relief” against broader economic uncertainties and highlighting the operator’s resilience.

M&B, which emerged from the old Bass brewing empire two decades ago, runs 1,726 venues under well-known brands such as Miller & Carter, Vintage Inns, O’Neill’s, Browns and Nicholson’s. It is majority-owned by Odyzean Group, a consortium led by prominent investors Joe Lewis, John Magnier and JP McManus, who together hold 56.6 per cent of M&B’s shares.

Last year, M&B’s revenue climbed to £2.61 billion, with operating profit surging from £98 million to £300 million and pre-tax profits hitting £199 million.

Read more:
Stormy skies dampen festive cheer for Mitchells & Butlers

0
FacebookTwitterGoogle +Pinterest
previous post
Trump inauguration will reportedly include Muslim cleric who refused to condemn Hezbollah as terror org
next post
Mike Johnson replaces powerful Intelligence Committee chairman after Russian nuclear threat warning

You may also like

New Look speeds up store closures as budget...

January 5, 2025

Marks and Spencer confirms 67 stores will shut...

October 12, 2022

5 Movies that Your Kids Will Love This...

August 2, 2023

Exponential growth on imports from South Africa to...

August 12, 2022

Retail sales hit lowest level since 2021 lockdowns

November 20, 2023

New rules on tips: what do they mean...

August 14, 2024

IMF Predicts Three Interest Rate Cuts for UK...

May 22, 2024

Management team incentivisation and selling your business

June 5, 2024

Office landlords go green to beat competition 

June 5, 2023

Aspire to be a forever founder and the...

March 5, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • UK Export Finance unveils new tools to boost SME global trade

      June 27, 2025
    • Republicans raise alarm over US vulnerability to mass drone strikes after Israel-Iran conflict

      June 27, 2025
    • Manchester businessman cleared of hacking charges in ICO case

      June 27, 2025
    • Winners announced at Isle of Man Innovation Challenge 2025

      June 27, 2025
    • Padel club boom sees 3,200 venues built in 2024 as global popularity accelerates

      June 27, 2025
    • Sweet or taxable? M&S strawberry sandwich sparks new VAT debate

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,074)
    • Politics (15,825)
    • Stocks (3,172)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved