LONDON (ShareCast) - (Sharecast News) - Pub group Mitchells & Butlers reported a rise in sales on Thursday as it continues to outperform the market, and backed its guidance operating profit margin guidance.
In the 51 weeks to 21 September, total like-for-like sales rose 3.6%, with drink sales up 3.3% and food sales 3.5% higher.

In the eight weeks to 21 September, meanwhile, total LFL sales were up 3.3%, with drink sales 4% higher and food sales up 2.1%.

M&B said it expects full-year group operating profit margin to be similar to last year despite cost headwinds.

The company said it continues to make good progress on its investment programme and opened seven new sites during the year. It also completed 239 conversions and remodels.

Chief executive Phil Urban said: "Sales growth has remained consistently ahead of the market and we carry this momentum forward into the new financial year. We remain confident of the impact of our Ignite initiatives which will be continually reviewed and refreshed as the business moves forward."

At 0850 BST, the shares were up 1.9% at 383p.

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