StockMarketWire.com - Restaurant and pub operator Mitchells & Butlers saw strong food sales in its third quarter while drink sales suffered slightly from comparisons with 2018, which was boosted by the World Cup.

Overall, like-for-like sales grew by 2.8% over the 10-week period to 27 July. Food sales grew 5.4% while drink sales slipped 0.3%.

And, in the year to date, total sales increased by 4.1%, it said.

It added that it had opened six new sites and completed 230 conversions and remodels in the financial year to date.

'We are pleased with sales performance which remains convincingly ahead of the market. Whilst growth across the market during the early weeks of the period reflected the World Cup and sunny weather last year, we are encouraged by how growth has strengthened in recent weeks. We remain confident in the momentum we have gained, and which continues to build, driven by the ongoing impact of numerous Ignite 2 initiatives,' said chief executive Phil Urban.












Story provided by StockMarketWire.com