Business
Pre-Close Trading Update
Mitchells & Butlers reported a trading update for the 51 weeks ended September 20, 2025, noting like-for-like sales growth. Total year-to-date sales increased by 3.9%. Food sales saw growth, with Q1 at 4.0%, Q2 at 3.6%, Q3 at 4.9%, Q4 at 3.4% and year-to-date at 4.1%. Drink sales also increased, with Q1 at 3.6%, Q2 at 5.1%, Q3 at 4.8%, Q4 at 1.9% and year-to-date at 4.0%. The company completed 201 conversions and remodels, up from 185 in FY2024, and opened two new sites. Looking ahead, the company anticipates cost inflation of around £130m, approximately 6% of their cost base. Disclaimer*
About this update from Mitchells & Butlers Plc
[{"type":"text","content":"\n\n25 September 2025\n \nMitchells & Butlers plc\nLEI no. 213800JHYNDNB1NS2W10\n \nPre-Close Trading Update\n \nTrading statement covering the 51 weeks ended 20 September 2025.\n \nSales\nWe have maintained our out-performance against the marketa 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.\n \nLike-for-like sales:\n\n\n\n\n\n\n\nWeeks 1-15\nQ1\n\n\nWeeks 16-28\nQ2\n\n\nWeeks 29-42\nQ3\n\n\nWeeks 43-51\nQ4\n\n\nWeeks 1-51\nYTD\n\n\n\n\nFood\n\n\n4.0%\n\n\n3.6%\n\n\n4.9%\n\n\n3.4%\n\n\n4.1%\n\n\n\n\nDrink\n\n\n3.6%\n\n\n5.1%\n\n\n4.8%\n\n\n1.9%\n\n\n4.0%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n \n\n\n\n\nTotal\n\n\n3.9%\n\n\n4.7%\n \n\n\n5.0%\n\n\n3.1%\n\n\n4.2%\n\n\n\n\n \nTotal sales in the year to date have increased by 3.9%.\n \nInvestments\nWe 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.\n \nOutlook\nWe 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.\n \nPhil Urban, Chief Executive, commented:\n \n\"We are pleased with our performance over the year, in which we remained consistently ahead of the marketa, 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.\"\n\n \nDefinitions\na - As measured by the CGA Business Tracker. \n \nFor further information, please contact:\n...