Mitchells & Butlers insists business remain “convincingly ahead of the market” after a spike in food sales lifted revenues during the third quarter.
Like-for-like sales have bounced nearly 3% over the last 10 weeks, pushing overall sales for the year to date up by more than 4%.
The chain, which runs brands such as Harvester, Toby Carvery and Miller & Carter, said that growth in food sales was particularly strong versus the same period last year when the World Cup and extended warm weather led to high drink sales.
Food sales rose 5.4% during the 10 weeks to 27 July 2019 and are up 3.9% since the start of M&B’s financial year. Drink sales have increased 3.1% in comparison.
Mitchells & Butlers runs more than 1,700 sites and has opened six new properties and completed 230 conversions and remodels in the financial year to date.
Chief executive, Phil Urban, commented: “We are pleased with the sales performance which remains convincingly ahead of the market. While growth across the market during the early weeks of the period reflected the World Cup and sunny weather last year, we are encouraged by how growth has strengthened in recent weeks. We remain confident in the momentum we have gained, and which continues to build, driven by the ongoing impact of numerous Ignite 2 initiatives.”