World Cup has “negative impact” on food sales at M&B

22nd July 2010, 9:56am

National pub company, Mitchells & Butlers, saw like-for-like food sales slow by 2% during the month of the World Cup.

Overall sales during the first 42 weeks of the financial year have increased by 1.6% with total sales up 2.1%.

The company, which has recently announced changes to its positioning, said in a statement that its financial future is "robust".

Adding: "There continues to be uncertainty in the outlook for discretionary expenditure and associated pressure on the UK's eating and drinking out market. However, our core brands' effective marketing and value positioning have generated increases in sales and profitability this year and form a strong platform for future growth.

"We are making good progress towards achieving the objectives laid out in our strategic plans and are confident in the future prospects of the business."

Related Articles:

• 20 Aug 2010 - Mitchells & Butlers to sell over 300 pubs for an estimated £373m
• 21 Jul 2010 - Top pub and restaurant chains see sales recover in June
• 21 Jul 2010 - Mitchells & Butlers continue to reposition with disposal of 52 lodges
• 16 Jul 2010 - Travelodge bolsters aggressive growth plans – by acquiring 52 Mitchell and Butler pub group Innkeeper Lodges
• 30 Jun 2010 - New finance director at Mitchells & Butlers pub group
• 19 May 2010 - Mitchells & Butlers pub group reports strong trading
• 18 May 2010 - Restaurant and pub groups see sales rise in April
• 24 Mar 2010 - Mitchells & Butlers to reposition food-led pub businesses
• 23 Feb 2010 - Pub companies recognised in training awards

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