M&B reported Q1 FY16/17 trading numbers (15 weeks ended 7 January 2017) which were ahead of our estimates. The lfl revenue increased by 1.7% (vs our estimate: +0.5%), on the back of a strong performance across all brands during the Christmas and New Year period. Both drinks (+1.7% lfl) and food (+1.6% lfl) business contributed evenly to the growth momentum. The addition of a new pub underpinned the total revenue growth to +2.3% (vs our estimate: +1.0%). The company has converted/remodelle
06 Mar 2017
Good quarterly results; cost burden remains in the near term
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Good quarterly results; cost burden remains in the near term
Mitchells & Butlers plc (MAB:LON) | 225 4.9 1.0% | Mkt Cap: 1,344m
- Published:
06 Mar 2017 -
Author:
Nishant Choudhary -
Pages:
3
M&B reported Q1 FY16/17 trading numbers (15 weeks ended 7 January 2017) which were ahead of our estimates. The lfl revenue increased by 1.7% (vs our estimate: +0.5%), on the back of a strong performance across all brands during the Christmas and New Year period. Both drinks (+1.7% lfl) and food (+1.6% lfl) business contributed evenly to the growth momentum. The addition of a new pub underpinned the total revenue growth to +2.3% (vs our estimate: +1.0%). The company has converted/remodelle