Mitchells & Butlers (GB:MAB) has released an update.
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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.
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