Mitchells & Butlers (MAB)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

263.50p
   
  • Change Today:
      3.00p
  • 52 Week High: 269.60
  • 52 Week Low: 199.30
  • Currency: UK Pounds
  • Shares Issued: 597.74m
  • Volume: 146,865
  • Market Cap: £1,575.05m
  • RiskGrade: 371

Pubs and restaurants trade solidly post-lockdown - survey

By Sean Farrell

Date: Tuesday 27 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Britain's pubs and restaurants made a solid start to post-lockdown trading in England after they were allowed to serve customers outdoors, a survey indicated.
Like-for-like sales in the week to Sunday 18 April were 24% lower than two years earlier despite being limited to al fresco trading and being up against a strong comparator week, the Coffer CGA business tracker showed.

Pubs performed better than restaurants after both groups of businesses were allowed to partially reopen from 12 April, the survey showed. Like-for-like sales at managed drink-led pubs fell 11% year on year and 22% at pub restaurants. Group-run restaurant sales fell 34% and bar sales dropped 37%.

Most pubs and restaurants stayed closed during the week and total sales were down 57% from two years earlier. Premises without outdoor space are scheduled to reopen on 17 May.

"While sales are well down on what we would expect in a normal April, managed groups are returning well after months of closure," Karl Chessell, business unit director at consultant CGA, said. "Pubs benefited from the widespread sunshine and the eagerness of consumers to drink out again after so long at home. With the weather set fair and consumers reassured about the safety of outdoor hospitality, we can expect the positive start to eating and drinking out to continue."

Pubs and restaurants got a further boost on Monday when it was reported the government had shelved plans to require customers to prove they were at low risk of having the virus before entering premises. Chessell said with some consumers cautious and the outlook uncertain pubs and restaurants would need extended government support to get back on their feet.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MAB Market Data

Currency UK Pounds
Share Price 263.50p
Change Today 3.00p
% Change 1.15 %
52 Week High 269.60
52 Week Low 199.30
Volume 146,865
Shares Issued 597.74m
Market Cap £1,575.05m
RiskGrade 371

MAB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.96% above the market average87.96% above the market average87.96% above the market average87.96% above the market average87.96% above the market average
80.39% above the sector average80.39% above the sector average80.39% above the sector average80.39% above the sector average80.39% above the sector average
Price Trend
67.46% above the market average67.46% above the market average67.46% above the market average67.46% above the market average67.46% above the market average
74.55% above the sector average74.55% above the sector average74.55% above the sector average74.55% above the sector average74.55% above the sector average
Income Not Available
Growth
7.43% below the market average7.43% below the market average7.43% below the market average7.43% below the market average7.43% below the market average
58.49% below the sector average58.49% below the sector average58.49% below the sector average58.49% below the sector average58.49% below the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 2
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MAB Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Dec-17 25-May-17
Paid 06-Feb-18 03-Jul-17
Amount 5.00p 2.50p

Trades for 17-May-2024

Time Volume / Share Price
16:35 53,564 @ 263.50p
16:35 169 @ 263.50p
16:35 304 @ 263.50p
16:35 812 @ 263.50p
16:35 338 @ 263.50p

MAB Key Personnel

CFO Timothy (Tim) Charles Jones
CEO Phil Urban

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