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M&B trading statement

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daveh
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M&B trading statement

#192317

Postby daveh » January 10th, 2019, 9:06 am

Can be found here:
www.investegate.co.uk/article.aspx?id=2 ... 6812M&fe=1

Mitchells & Butlers plc

Trading through the festive season was strong with like-for-like sales growth over the three week festive period of 9.8%. Growth was achieved on all key dates supported by good underlying trade.

Our sales performance has also strengthened over the full 7 week period since our last update with like-for-like growth of 6.9%, balanced more evenly between food and drink.

Total sales have increased by 5.1% over the 14 week period.


We now enter our toughest quarter and, given the success of the festive trading period, we would expect trade to be quiet at least until people get paid again. The ongoing uncertainty around Brexit will continue so we remain cautious about the outlook until the political and macroeconomic landscape becomes clearer. That said, we have made a good start to the year."


They look like a decent set of results.
No longer paying a dividend, they are a rump holding from an original purchase of Six continents (or perhaps even as far back as BASS). Was thinking of selling, but got £200 off our works Xmas meal with the vouchers they hand out to shareholders so will probably keep as if I can use the vouchers its a very generous perk in relation to the value of the holding.

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