M&B released Q4 FY16 trading update slightly ahead of our estimates. The lfl revenue increased by 1.8%, largely driven by strong growth in the drinks business (+3.7% vs -0.9% in 43 weeks ended 23 July 2016), on the back of favourable weather conditions and good sales growth from invested sites. The food business also returned to positive territory (+0.4% vs Q3: -1.5%, H1: -2%), supported by the improved trend in the UK’s eating-out market. For 51 weeks ended 17 September 2016, the l
12 Oct 2016
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Mitchells & Butlers plc (MAB:LON) | 256 7.7 1.2% | Mkt Cap: 1,532m
- Published:
12 Oct 2016 -
Author:
Nishant Choudhary -
Pages:
3
M&B released Q4 FY16 trading update slightly ahead of our estimates. The lfl revenue increased by 1.8%, largely driven by strong growth in the drinks business (+3.7% vs -0.9% in 43 weeks ended 23 July 2016), on the back of favourable weather conditions and good sales growth from invested sites. The food business also returned to positive territory (+0.4% vs Q3: -1.5%, H1: -2%), supported by the improved trend in the UK’s eating-out market. For 51 weeks ended 17 September 2016, the l