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An update from Mitchells & Butlers ( (GB:MAB) ) is now available.
Mitchells & Butlers reported a strong performance during the festive season with a like-for-like sales growth of 10.4% over the core three-week period, despite challenges like adverse weather conditions. The company completed 40 conversions and remodels in the year to date and is optimistic about facing cost headwinds, driven by increased labor costs, to continue profit growth and market outperformance.
More about Mitchells & Butlers
Mitchells & Butlers is a leading operator of managed restaurants and pubs, with a diverse portfolio that includes brands such as Harvester, Toby Carvery, Miller & Carter, and All Bar One. The company also runs Innkeeper’s Collection hotels in the UK and Alex restaurants and bars in Germany.
YTD Price Performance: -7.55%
Average Trading Volume: 422,813
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.35B
Learn more about MAB stock on TipRanks’ Stock Analysis page.
