M&B reported a decent performance in Q1, and seems to be well placed among branded publicans in the UK. However, it has very little margin of error to implement successfully the performance turnaround plan. As mentioned earlier, the stock can witness further upside if management finds success with the premiumisation of the estate. We have raised our estimates slightly, but no change in our stock recommendation.
25 Apr 2018
Decent Q1 results
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Decent Q1 results
Mitchells & Butlers plc (MAB:LON) | 238 2.4 0.4% | Mkt Cap: 1,420m
- Published:
25 Apr 2018 -
Author:
Nishant Choudhary -
Pages:
3
M&B reported a decent performance in Q1, and seems to be well placed among branded publicans in the UK. However, it has very little margin of error to implement successfully the performance turnaround plan. As mentioned earlier, the stock can witness further upside if management finds success with the premiumisation of the estate. We have raised our estimates slightly, but no change in our stock recommendation.