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Mitchells & Butlers PLC (GB:MAB)
LSE:MAB
UK Market
MAB
Mitchells & Butlers
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Mitchells & Butlers (MAB) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Nov 26, 2026
TBA (Confirmed)
Period Ending
2026 (Q4)
Consensus EPS Forecast
0.14
Last Year’s EPS
0.14
Same Quarter Last Year
Analyst Consensus
Moderate Buy
Based on 2 Analysts Ratings

Earnings Call Summary

Q2 2026
Earnings Call Date:May 21, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call balanced near‑term challenges (notably weather disruption, input cost inflation, energy exposure and higher near‑term cash tax) against a number of meaningful positives: maintained operating profit, EPS growth, strong cash generation and de‑gearing, a transformed pension position, high‑return capital investment, healthy guest and staff metrics and clear execution on Ignite. Management expects cost headwinds to moderate next year (guidance c. GBP 95 million) and retains an optimistic outlook supported by a stronger balance sheet and ongoing efficiency programs.
Company Guidance
Management reiterated that trading and cost guidance point to a solid outlook: H1 like‑for‑like sales were 3.3% (Q1 +4.5%, Q2 +1.8%), operating profit was GBP181m and EPS rose 3.6%, with net debt now just under GBP750m (~1.6x EBITDA ex‑leases) and net assets GBP4.91/share; cash flow was strong (GBP30m in excess of amortisation in H1) and the pension position has flipped to a ~GBP100m asset. Full‑year CapEx is guided to ~GBP230m (H1 GBP117m) with remodel paybacks within 5 years and returns ~33%; management expects to spend materially more on single‑site acquisitions (c. GBP25–30m increase vs last year’s ~GBP9m of new‑site spend) while maintenance capex was ~GBP65m last year and is expected to be a little higher this year. Reported cost headwinds for the year were slightly below prior GBP120–130m guidance (weighted ~60% to H1), incremental employer NI of c. GBP12m has been annualised out of next‑year headwinds, and FY27 cost inflation is guided to around GBP95m (~4% of the cost base) with c.15% of next‑year energy hedged and a small utilities uplift c. GBP10m; wage assumptions imply a measured living‑wage rise of ~4–5%. Finally, strategic metrics cited include a 7‑year remodel cycle, a 15m‑strong guest database, Ignite efficiencies already contributing (H1 efficiency figure referenced c. GBP12m), and sustainability progress (total carbon −16% vs 2019, Scope 1&2 −22%, Scope 3 −15%, 100% waste diverted from landfill, recycling >60%, food waste −23%).
Maintained Operating Profit and EPS Growth
Operating profit remained at GBP 181 million (flat year‑on‑year) and EPS increased by 3.6%, helped by reduced debt and lower interest charges.
Like‑for‑Like Sales Growth
Group like‑for‑like sales rose 3.3% in H1; Q1 LFL +4.5% and Q2 LFL +1.8% (noting Q2 was weather‑impacted).
Strong Cash Flow and De‑gearing
Strong cash performance: GBP 30 million cash in excess of amortisation in H1; net debt reduced to just under GBP 750 million (~1.6x EBITDA excluding leases).
Pension Position Transformed
Pension deficit converted to a derisked asset of about GBP 100 million (from a previous material deficit), improving balance sheet resilience.
Capital Investment with High Returns
H1 CapEx increased to GBP 117 million; full year CapEx guided to ~GBP 230 million. Remodel programme delivering circa 33% returns and management expects payback within 5 years.
Selective Site Acquisitions
Acquired five new sites in H1 (plus additional purchases after the period); management expects incremental spend on single‑site acquisitions (estimated additional GBP 25–30 million vs prior year).
Operational and Cultural Strength
Guest metrics and team engagement are at all‑time highs; continued progress across scorecard measures (cash, debt, returns, staff and guest scores).
Sustainability and Social Progress
Total carbon footprint down 16% vs 2019 (Scope 1 & 2 down 22%, Scope 3 down 15%); waste diverted 100% from landfill, recycling >60%, food waste reduced 23%. Social programs raised GBP 2.5 million and employed 40 people affected by homelessness.

Mitchells & Butlers (GB:MAB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
Daily Earnings Calendar >

GB:MAB Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Nov 26, 2026
2026 (Q4)
0.14 / -
0.14―――
May 21, 2026
2026 (Q2)
- / 0.17
0.1673.59% (<+0.01)――
Nov 28, 2025
2025 (Q4)
0.12 / 0.14
0.1298.53% (+0.01)――
May 22, 2025
2025 (Q2)
0.15 / 0.17
0.13622.79% (+0.03)――
Nov 27, 2024
2024 (Q4)
0.12 / 0.13
-0.055334.55% (+0.18)――
May 22, 2024
2024 (Q2)
0.11 / 0.14
0.055147.27% (+0.08)――
Nov 30, 2023
2023 (Q4)
- / -0.06
-0.0561.79% (<+0.01)――
May 17, 2023
2023 (Q2)
- / 0.06
0.076-27.63% (-0.02)――
Dec 07, 2022
2022 (Q4)
- / -0.06
0.168-133.33% (-0.22)――
May 18, 2022
2022 (Q2)
- / 0.08
-0.318123.90% (+0.39)――
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

GB:MAB Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 21, 2026
252.50 p235.00 p-6.93%
Nov 28, 2025
256.00 p288.50 p+12.70%
May 22, 2025
276.00 p281.50 p+1.99%
Nov 27, 2024
245.00 p249.00 p+1.63%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Mitchells & Butlers PLC (GB:MAB) report earnings?
Mitchells & Butlers PLC (GB:MAB) is schdueled to report earning on Nov 26, 2026, TBA (Confirmed).
    What is Mitchells & Butlers PLC (GB:MAB) earnings time?
    Mitchells & Butlers PLC (GB:MAB) earnings time is at Nov 26, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of Mitchells & Butlers PLC stock?
          The P/E ratio of Mitchells & Butlers is N/A.
            What is GB:MAB EPS forecast?
            GB:MAB EPS forecast for the fiscal quarter 2026 (Q4) is 0.14.