Mitchells & Butlers (MAB)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

225.80p
   
  • Change Today:
      2.80p
  • 52 Week High: 269.60
  • 52 Week Low: 157.60
  • Currency: UK Pounds
  • Shares Issued: 597.74m
  • Volume: 294,850
  • Market Cap: £1,349.69m
  • RiskGrade: 371

Mitchells & Butlers LFL sales up YOY, returns to FY profit

By Iain Gilbert

Date: Wednesday 07 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Pub group Mitchells & Butlers said on Wednesday that like-for-like sales had grown in the twelve months ended 24 September, with profits broadly recovering to pre-Covid levels after stripping out utilities impacts.
M&B said full-year like-for-like sales were up 1.1% when measured against 2019's pre-pandemic levels, while total revenues more than doubled year-on-year to £2.2bn.

Operating profits jumped from £81.0m in 2021 to £124.0m in 2022 and the group swung from a pre-tax loss of £42.0m a year ago to a pre-tax profit of £8.0m in 2022. Earnings per share came to 2.2p, a marked improvement on the prior year's 11.5p per share loss.

Looking ahead, M&B stated that since the year-end, it had been "encouraged" by like-for-like sales growth of 6.5% but noted that it was still "cautiously optimistic" about the future due to potential implications stemming from the ongoing cost-of-living crisis.

Chief executive Phil Urban said: "The trading environment remains highly challenging, with cost inflation continuing to put pressure on margins and we are ever mindful of the pressures that the UK consumer is facing.

"However, we are encouraged by the strength of sales growth at the end of last financial year which has improved further into the early weeks of this year."

As of 0820 GMT, Mitchells & Butlers shares were up 8.98% at 154.75p.





Reporting by Iain Gilbert at Sharecast.com

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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 225.80p
Change Today 2.80p
% Change 1.26 %
52 Week High 269.60
52 Week Low 157.60
Volume 294,850
Shares Issued 597.74m
Market Cap £1,349.69m
RiskGrade 371

MAB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.05% above the market average94.05% above the market average94.05% above the market average94.05% above the market average94.05% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
54.63% above the market average54.63% above the market average54.63% above the market average54.63% above the market average54.63% above the market average
49.09% above the sector average49.09% above the sector average49.09% above the sector average49.09% above the sector average49.09% above the sector average
Income Not Available
Growth
11.27% below the market average11.27% below the market average11.27% below the market average11.27% below the market average11.27% below the market average
57.69% below the sector average57.69% below the sector average57.69% below the sector average57.69% below the sector average57.69% 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 28-Mar-2024

Time Volume / Share Price
16:58 3,374 @ 225.49p
16:35 94,717 @ 225.80p
16:35 30 @ 225.80p
16:35 55 @ 225.80p
16:35 2,333 @ 225.80p

MAB Key Personnel

CFO Timothy (Tim) Charles Jones
CEO Phil Urban

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