Finance
Mitchells & Butlers posts 5% rise in like-for-like sales on early summer boost
Published by Global Banking & Finance Review®
Posted on July 25, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 25, 2025
1 min readLast updated: January 22, 2026
Mitchells & Butlers reports a 5% rise in sales this summer, boosting shares by 4.7%. The company expects strong annual results despite inflation challenges.
(Reuters) -British pub and restaurant operator Mitchells & Butlers posted a 5% rise in quarterly like-for-like sales on Friday, thanks to an early summer driving footfall to its chain outlets.
Shares of the company were up 4.7% at 302 pence, making them the top gainers in the FTSE mid-cap index.
The owner of the Harvester, Toby Carvery and All Bar One chains, said it expects annual results to be at the top end of market expectations, despite cost inflation arising from an increase in wages and employer contributions.
"The business continues to perform strongly, enabling us to meet the cost challenges facing the sector with confidence," CEO Phil Urban said in a statement.
Analysts expect the group to report full-year revenue of 2.7 billion pounds ($3.64 billion) and operating profit of 321.9 million pounds, according to data compiled by LSEG.
($1 = 0.7415 pounds)
(Reporting by Unnamalai L in Bengaluru; Editing by Subhranshu Sahu)
Like-for-like sales refer to the revenue generated by stores that have been open for at least one year, allowing for a more accurate comparison of performance over time.
Cost inflation occurs when the costs of goods and services increase, often leading to higher prices for consumers and impacting profit margins for businesses.
Operating profit is the income generated from a company's core business operations, excluding deductions of interest and taxes, providing insight into operational efficiency.
Footfall refers to the number of customers entering a store or location, often used as a metric to gauge the performance of retail outlets.
Annual revenue is the total income generated by a company from its business activities over a year, before any expenses are deducted.
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