REG - Mitchells & Butlers - Pre-Close Trading Update

Mitchells & ButlersAnnouncement

Thu 07:00

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RNS Number : 7139A  Mitchells & Butlers PLC  25 September 2025

25 September 2025

 

Mitchells & Butlers plc

LEI no. 213800JHYNDNB1NS2W10

 

Pre-Close Trading Update

 

Trading statement covering the 51 weeks ended 20 September 2025.

 

Sales

We have maintained our out-performance against the market(a) which has seen
robust performances in mid-market pub and pub restaurants balanced against
slightly weaker sales in London within the M25 and in more premium businesses.

 

Like-for-like sales:

        Weeks 1-15  Weeks 16-28  Weeks 29-42  Weeks 43-51  Weeks 1-51

        Q1          Q2           Q3           Q4           YTD
 Food   4.0%        3.6%         4.9%         3.4%         4.1%
 Drink  3.6%        5.1%         4.8%         1.9%         4.0%

 Total  3.9%        4.7%         5.0%         3.1%         4.2%

 

Total sales in the year to date have increased by 3.9%.

 

Investments

We have increased the scale and pace of our capital programme, with 201
conversions and remodels completed in the year to date (FY2024 185). We have
also opened two new sites (an Alex in Germany and a Browns in London), in
addition to the purchase of two freehold interests in existing sites. We
continue to rollout a number of initiatives to reduce energy usage, such as
solar panels and sensors.

 

Outlook

We remain confident of a full year outturn in line with consensus
expectations, reflecting a year of strong sales outperformance. Looking
forward to next year, we continue to anticipate a higher level of overall cost
inflation of around £130m (c.6% of our cost base) as previously outlined, but
we face this challenge with confidence as our brands are well positioned to
continue to outperform the sector and our Ignite programme continues to
deliver cost efficiencies.

 

Phil Urban, Chief Executive, commented:

 

"We are pleased with our performance over the year, in which we remained
consistently ahead of the market(a), across all market segments. Sales growth
has been broad based, with strong like-for-like performances in both food and
drink across our portfolio of brands, supported by cost efficiencies and a
capital programme which continues to deliver strong returns."

 

Definitions

a - As measured by the CGA Business Tracker.

 

For further information, please contact:

 

 Tim Jones - Chief Financial Officer                          +44 (0)121 498 6112
 Amy de Marsac - Investor Relations                           +44 (0)121 498 6514
 James Murgatroyd (FGS Global)                                +44 (0)20 7251 3801

 

 

Note for editors:

Mitchells & Butlers is a leading operator of managed restaurants and pubs.
Its portfolio of brands and formats includes Harvester, Toby Carvery, All Bar
One, Miller & Carter, Premium Country Pubs, Sizzling Pubs, Stonehouse,
Vintage Inns, Browns, Castle, Nicholson's, O'Neill's, Ember Inns, Ego
Restaurants and Pesto. In addition, it operates Innkeeper's Collection hotels
in the UK and Alex restaurants and bars in Germany. Further details are
available at www.mbplc.com and supporting photography can be downloaded at
www.mbplc.com/imagelibrary.

 

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