Mitchells & Butlers 2011 festive pub sales buoyed by good weather

By Emma Eversham , 26-Jan-2012

Related topics: Business, Venues, Trends & Reports, Restaurants, Pubs & Bars

Good weather around Christmas 2011 helped keep Mitchells & Butlers (M&B) festive sales buoyant, the managed pub operator has reported, with like-for-like sales up 6.5 per cent for the nine weeks to 21 January.

Mitchells & Butlers' Christmas sales rose 6.5 per cent, helped by better weather than the previous year

Mitchells & Butlers' Christmas sales rose 6.5 per cent, helped by better weather than the previous year

Food sales were up 8 per cent while drink sales were up slightly less at 5.4 per cent across the company's estate, which includes the O'Neill's, Harvester, Toby Carvery and Browns brands.

Commenting on the results, executive chairman Bob Ivell said: "These results reflect a successful Christmas sales performance. Although assisted by better weather, they show that customers are still keen to treat themselves even in a difficult economic environment.

"I am encouraged by the progress that we have already made in a number of areas to re-focus the operations and improve the guest experience. This gives me confidence in our ability to successfully develop and grow the business in the year ahead"

Year ahead

M&B described January's trade as 'subdued but consistent' with the underlying like-for-like sales trend first noted in July last year of around 1 per cent growth.

In its interim trade statement, M&B said despite a 'challenging' environment it would be pushing forward with the opening of more sites this year and continue with a number of its business initiatives following the restructure of its operations department in November last year .

"The consumer environment remains challenging. Inflationary cost pressures in areas such as food, duty and energy continue, with the latter expected to impact particularly on the first half of the financial year. We are actively seeking to mitigate the impact of these cost increases through our sales performance together with effective implementation of our business initiatives and investment in new site developments," it said.

BigHighlights

Top 10 things to do and see at Hotelympia 2014

Top 10 things to do and see at Hotelympia 2014

Hotelympia is fast approaching and the hospitality industry getting ready to descend on the ExCel centre in...

Roux Scholarship 2014: In Pictures

Roux Scholarship 2014: In Pictures

Tom Barnes, sous chef at Simon Rogan’s two-Michelin-starred L’Enclume in Cartmel, has won the 2014 Roux Scholarship....

National Restaurateurs’ Dinner 2014: in pictures

National Restaurateurs’ Dinner 2014: in pictures

The 27th National Restaurateurs’ Dinner (NRD) took place at the Dorchester on Tuesday, helping raise over £80,000 for...

Travellers’ Choice: Top 10 UK tourism hotspots

Travellers’ Choice: Top 10 UK tourism hotspots

London is the third-best travel destination in the world, according to TripAdvisor’s sixth annual Travellers’ Choice awards...

#AskMark: Our inspiring Twitter Q&A with Mark Sargeant reviewed

#AskMark: Our inspiring Twitter Q&A with Mark Sargeant reviewed

Whether it was his advice for young chefs, his memories of working with Gordon Ramsay or his...

Business Profile: Ping Pong

Business Profile: Ping Pong

Ping Pong’s change-of-location strategy and design brief move it a step closer to bringing dim sum to...

Find us on Facebook

Digital Edition - Restaurant Magazine

Access to the Restaurant Magazine digital edition