28th Jan 2016 08:26
LONDON (Alliance News) - Pubs and restaurants operator Mitchells & Butlers PLC on Thursday said it saw robust like-for-like sales growth over the Christmas period, though its like-for-like sales declined in the 17 weeks to January 23.
The FTSE 250-listed company said its total like-for-like sales for the 17-week period were down 1.0%, with food sales down 1.5% and drink sales down 0.6%.
For the two-week period of the Christmas and New Year's celebrations, however, total like-for-like sales rose 2.0%.
"We had a good Christmas, recording growth across the period and also delivering our best ever trading day. Whilst trading conditions remain tough, particularly as we go into the post-holiday season, we are acting with pace to drive our business priorities - building a more balanced business, developing our commercial culture and increasing the speed of execution and innovation," said Chief Executive Phil Urban.
Shares in the company were up 2.9% to 291.50 pence early Thursday, one of the best performers in the FTSE 250.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Mitchells & Butlers