M&B posted another strong performance in the 10 weeks ended 27 July 2019. Lfl growth came in at 2.8%, which was ahead of the market average, led by the food business (drinks slipped into the red). While we remain positive on management’s strategy to propel the top line, the increasing likelihood of a hard Brexit scenario is a dampener. As a result, we take a cautious approach towards M&B’s earnings/growth prospects in the subsequent years. No change in the stock recommenda
31 Jul 2019
Another strong quarter
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Another strong quarter
Mitchells & Butlers plc (MAB:LON) | 225 4 0.8% | Mkt Cap: 1,344m
- Published:
31 Jul 2019 -
Author:
Nishant Choudhary -
Pages:
3
M&B posted another strong performance in the 10 weeks ended 27 July 2019. Lfl growth came in at 2.8%, which was ahead of the market average, led by the food business (drinks slipped into the red). While we remain positive on management’s strategy to propel the top line, the increasing likelihood of a hard Brexit scenario is a dampener. As a result, we take a cautious approach towards M&B’s earnings/growth prospects in the subsequent years. No change in the stock recommenda