Mitchells & Butlers (GB:MAB) has released an update.
Mitchells & Butlers PLC reported a robust like-for-like sales growth of 5.7% year-to-date, outperforming market expectations despite economic headwinds. The company’s strategic remodels and new site openings, coupled with initiatives to reduce energy usage, support a positive outlook for rebuilding margins and meeting full-year consensus expectations. CEO Phil Urban expresses confidence in continued profitability and market share growth into the next year, backed by the company’s diverse portfolio and effective cost management.
For further insights into GB:MAB stock, check out TipRanks’ Stock Analysis page.