Mitchells and Butlers HY revenues and profits surge
Across the quarter, Mitchells and Butlers recorded like-for-like sales growth of 4.7%, comprising drink sales growth of 5.1% and food sales growth of 3.6%
Mitchells and Butlers has reported a 4.3% increase in revenues to £1.45bn and a 10.4% rise in operating profits to £181m for the 28 weeks ended 12 April 2025 (HY 2025).
Its adjusted operating margin also increased from 11.7% to 12.4%, 0.7ppts higher than last year driven by strong like-for-like sales.
The group stated that its “strong” and “resilient” sales growth combined with effective delivery of its Ignite and capital programmes has driven an increase in both profitability and margins.
Like-for-like sales also increased by 4.3% with strong performances through the brand portfolio.
The group had a positive start to the year with like-for-like sales growth of 4.0% over the first seven weeks. Performance over the important three-week festive period was also particularly strong with like-for-like sales growth of 10.4%.
Across the first quarter as a whole, like-for-like sales remained well ahead of the market, growing by 3.9% despite the notable adverse, albeit temporary, impact of very cold and stormy weather over the last couple of weeks of the quarter.
Sales remained “resilient” through the second quarter aided by good weather in late March, and with a particularly strong performance on Mother’s Day.
Across the quarter, Mitchells and Butlers recorded like-for-like sales growth of 4.7%, comprising drink sales growth of 5.1% and food sales growth of 3.6%.
Phil Urban, chief executive, said: “The strength of our first half performance is driven by continued focus on maximising the guest appeal of our diverse portfolio of brands to drive sales, supported by efficiency initiatives delivered through our Ignite programme of work. We are delighted with the like-for-like sales performance which continues to outperform against the market.
“As we enter the second half of the year, with increased employer national insurance contributions, we remain focused on the effective delivery of our Ignite programme of initiatives and our capital investment programme, driving further cost efficiencies and increased sales. Notwithstanding a likely increase in cost headwinds next year, we have confidence that relentless focus on delivery of our strategic priorities will generate further value from our well invested and strategically located estate portfolio and compelling customer offers.”
