M&B has made a strong start to FY19/20 with 2.6% lfl sales growth during Q1. The positive momentum was led by both the food and drinks businesses, despite strong comparables, wet weather conditions and uncertain consumer demand considering recent elections and economic conditions in the UK. We expect the momentum to continue in the remainder of the financial year and, hence, will raise our sales estimates.
09 Jan 2020
Christmassy performance by M&B
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Christmassy performance by M&B
Mitchells & Butlers plc (MAB:LON) | 231 8.1 1.5% | Mkt Cap: 1,382m
- Published:
09 Jan 2020 -
Author:
Nishant Choudhary -
Pages:
3
M&B has made a strong start to FY19/20 with 2.6% lfl sales growth during Q1. The positive momentum was led by both the food and drinks businesses, despite strong comparables, wet weather conditions and uncertain consumer demand considering recent elections and economic conditions in the UK. We expect the momentum to continue in the remainder of the financial year and, hence, will raise our sales estimates.