While the drinks business continues to remain strong, the slump in the food segment is more than we expected. Although management has confirmed the segment’s recovery post the conclusion of World Cup, the publican needs to perform in line with the peer average in order to trigger the next upward stock price momentum. No change in our recommendation.
08 Aug 2018
Q3 pinned-down by food sales
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Q3 pinned-down by food sales
Mitchells & Butlers plc (MAB:LON) | 230 1.2 0.2% | Mkt Cap: 1,376m
- Published:
08 Aug 2018 -
Author:
Nishant Choudhary -
Pages:
3
While the drinks business continues to remain strong, the slump in the food segment is more than we expected. Although management has confirmed the segment’s recovery post the conclusion of World Cup, the publican needs to perform in line with the peer average in order to trigger the next upward stock price momentum. No change in our recommendation.