M&B’s Q3 update reported Lfl growth of 0.8% in the 11 weeks to 25 July 2015 (vs. H1 15: 1.7%; Q3 14: 0%), with food lfl growth (2.5% in Q3 15; 2.9% in H1 15; 0.6% in Q3 14) compensating for the dismal drinks performance (-1.0%; 0.4% in H1 15; -0.5% in Q3 14). The company cited wet weather in July as well as the Easter effect in the second half of 2014 vs. the first half of 2015 to be the key reasons for the sort of trend reversal seen from H1 15 (1.7%, 1.4% excluding Easter impact).
05 Aug 2015
Lower new sites and food lfl amidst wage bill woes
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Lower new sites and food lfl amidst wage bill woes
Mitchells & Butlers plc (MAB:LON) | 231 1.2 0.2% | Mkt Cap: 1,382m
- Published:
05 Aug 2015 -
Author:
Vibha Issar -
Pages:
3
M&B’s Q3 update reported Lfl growth of 0.8% in the 11 weeks to 25 July 2015 (vs. H1 15: 1.7%; Q3 14: 0%), with food lfl growth (2.5% in Q3 15; 2.9% in H1 15; 0.6% in Q3 14) compensating for the dismal drinks performance (-1.0%; 0.4% in H1 15; -0.5% in Q3 14). The company cited wet weather in July as well as the Easter effect in the second half of 2014 vs. the first half of 2015 to be the key reasons for the sort of trend reversal seen from H1 15 (1.7%, 1.4% excluding Easter impact).