Mitchells & Butlers 51-week Sales Up - Quick Facts

(RTTNews) - Mitchells & Butlers Plc (MAB.L, MLB), an operator of managed pubs and restaurants, reported total sales growth of 3.8% for the 51 weeks, with like-for-like sales rising by 0.6%.

Having witnessed an improvement in demand in July following the World Cup, trading conditions in August were difficult in the pub market, as consumers remained cautious about spending and rainfall was significantly higher year-over-year. The firm's like-for-like sales went up by 0.1% in the nine weeks to September 20.

On June 15th, the company purchased 173 outlets from the Orchid Group and their results are included within total sales for the 14 weeks following this date. Orchid continues to trade well and in line with expectations. Further to the Orchid transaction, Mitchells & Butlers has opened 22 new sites and converted or expanded 9 sites this fiscal year.