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Investors

Mitchells & Butlers plc is a member of the FTSE 250 and runs some of the UK's best-loved restaurant and pub brands including All Bar One, Browns, Ember Inns, Harvester, Miller & Carter, Nicholson's, Sizzling Pubs, Toby Carvery and Vintage Inns.

Find every Mitchells & Butlers announcement, and presentation at our Information Centre.

Investor Overview

Mitchells & Butlers is a leading operator of managed restaurants and pubs in the UK. It listed on the London Stock Exchange in April 2003 and is a member of the FTSE 250. Its restaurants and pubs have some of the highest average sales and profits per site in the industry and it operates the best portfolio of brands in the UK.

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Market

The total eating and drinking out markets have a combined value of around £80bn. Mitchells & Butlers operates c.1,750 predominantly UK managed freehold pubs, 3.5% of the total 50k pubs in the UK.

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Strategy

We have a clear operational strategy built around 3 strategic priorities:

  1. Building a balanced business
  2. Instilling a commercial culture
  3. Driving an innovation agenda

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Performance

During the first half we continued to deliver like-for-like sales growth against a period of growth last year. This strong underlying performance comes from the progress we continue to make in our three priority areas: building a more balanced business; instilling a more commercial culture; and driving an innovation agenda.

Success in this market is dependent on a continuous stream of improvements, and that is what we are focused on delivering. We have therefore embarked upon a new wave of initiatives which are in their early stages of development, and we believe have the potential to further transform the business.

As previously announced, margins are being adversely impacted by increased costs, most notably from wage inflation, property costs and energy. In light of this, our operational teams have performed well to deliver flat underlying profitability in the period.

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Corporate Governance

The Board is responsible for ensuring compliance with the Combined Code and recognises the importance of good corporate governance in creating a sustainable, successful and profitable business. This includes reviewing internal controls, ensuring that there is an appropriate balance of skills and experience represented on the Board and maintaining relations with shareholders.

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Company News

Pre-close trading update

Pre-close trading update 27 September 2018

Mitchells & Butlers plc Third Quarter Trading Update

Trading statement covering the 43 weeks ended 28 July 2018.

Half Year Results 2018

View news release, presentation to analysts & archived webcast

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Information centre

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Contact Us

A photograph of Tim Jones
Tim Jones Finance Director Helen Tallents PA to Finance Director +44 (0) 121 498 6560
Amy De Marsac Head of Investor Relations +44 (0) 121 498 6514
A photograph of Denise Burton
Denise Burton Deputy Company Secretary +44 (0) 121 498 6514