M&B’s trading performance for Q1 FY22/23 was stronger than our expectations. The group’s lfl sales grew by 10.4% yoy, with strong contributions from both the food and drinks businesses. Although the recent five weeks (festival period) witnessed stronger momentum, this was on a softer comparable base. While we expect M&B’s lfl growth to remain ahead of that of the competition, profitability is likely to be under increased pressure as inflationary headwinds are unlikely to ease in the near-term. W ....
16 Jan 2023
A strong start to FY22/23
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A strong start to FY22/23
Mitchells & Butlers plc (MAB:LON) | 236 1.2 0.2% | Mkt Cap: 1,408m
- Published:
16 Jan 2023 -
Author:
Nishant Choudhary -
Pages:
3
M&B’s trading performance for Q1 FY22/23 was stronger than our expectations. The group’s lfl sales grew by 10.4% yoy, with strong contributions from both the food and drinks businesses. Although the recent five weeks (festival period) witnessed stronger momentum, this was on a softer comparable base. While we expect M&B’s lfl growth to remain ahead of that of the competition, profitability is likely to be under increased pressure as inflationary headwinds are unlikely to ease in the near-term. W ....