M&B Q1 trading statement for 17 weeks ended 23 January 2016 (financial year ends in September) portrays a disappointing picture. Total revenue registered a decline of 0.8% ytd (vs +9.1% yoy) and lfl sales down by 1% (vs +1.7% yoy), driven primarily by lower food volume (-1.5% yoy). The lfl growth during two weeks of Christmas and New Year, was 2% (vs 4.8% yoy), in line with sector's seasonality. The company does not report the profit numbers in the trading update but shared that the accel
18 Feb 2016
Healthy profitability but organic growth remains a big concern
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Healthy profitability but organic growth remains a big concern
Mitchells & Butlers plc (MAB:LON) | 236 1.2 0.2% | Mkt Cap: 1,408m
- Published:
18 Feb 2016 -
Author:
Nishant Choudhary -
Pages:
3
M&B Q1 trading statement for 17 weeks ended 23 January 2016 (financial year ends in September) portrays a disappointing picture. Total revenue registered a decline of 0.8% ytd (vs +9.1% yoy) and lfl sales down by 1% (vs +1.7% yoy), driven primarily by lower food volume (-1.5% yoy). The lfl growth during two weeks of Christmas and New Year, was 2% (vs 4.8% yoy), in line with sector's seasonality. The company does not report the profit numbers in the trading update but shared that the accel