Food and Drink

Mitchells and Butlers sees profits dip to £98m in FY 2023

The group also stated that its like-for-like sales rose 7.2% in the new fiscal year that started on 1 October

Restaurant group Mitchells and Butlers has revealed that its operating profits dropped from £124m to £98m for the 53 weeks ending 30 September, driven by weaker property valuations and increased costs, which also included higher wage bills.

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