A team member wears a fabric face mask decorated with stars. Running through the centre of the image is a gently lit wall, diving the bar.
A team member wears a fabric face mask decorated with stars. Running through the centre of the image is a gently lit wall, diving the bar.

The Market

Despite us increasing prices ahead of the level of increases of recent years, we have seen strong sales and volume performances across the business.

A commitment to navigating the market despite obstacles

The trading environment for the hospitality industry has remained challenging this year, with continued increases in the cost of living putting pressure on consumers. However, the resilience of trading in the year gives us optimism for the future, although we continue to remain mindful of the cost-of-living challenge facing our guests.

Throughout the year, consumers have been squeezed under the pressure of the UK’s cost-of-living crisis driven by rapidly rising food prices, domestic fuel bills and mortgage payments. However, despite these factors, consumer confidence has improved and eating and drinking out remains the affordable luxury that many consumers are looking to prioritise and have prioritised in the past.

Supply of pubs and restaurants has reduced since March 2020 before the Covid-19 pandemic, with the financial pressure of closures and significant cost inflation in the supply chain, especially across food and energy, forcing a large number of operators to close. Given our strong estate and portfolio of brands, we believe that we are well placed to continue to benefit from these changes in the competitive landscape.

The implications of Brexit still remain for the sector, principally around the supply and cost of products and skilled workforce shortages, especially in back-of-house roles. Risks in relation to procurement have continued to be well managed by mitigating for the potential lack of availability of products, reviewing and updating contracts and maintaining strong commercial relationships with suppliers. Our apprenticeship programme has been a key asset in managing the risk around workforce shortage and remains a key focus for the business going forward.

The global political and macroeconomic environments remain volatile and we will continue to monitor the impact on our sector. We remain focused on our Ignite programme of initiatives and our successful capital investment programme, driving cost efficiencies and increased sales, helping to offset demand and cost pressures caused by external factors outside of our control.

A guest is holding their new-born child to their chest while chatting with a friend. In the background, a team member walks past.
Two men in shirts are in deep conversation. Next to them, there are two soft drinks and a mug.

Business Strategy

Despite the currently challenging environment, we’re continuing to trade within evolving circumstances and adapt through significant strategies.

A team member wearing a face mask, waistcoat, and bowtie serves two glasses of wine to waiting guests, sitting in the sun.


Information on the analysts who cover Mitchells & Butlers. 

Friends smile at each other over drinks on a sunny day. In the background, a bottle is chilling in an ice bucket.

Reports & Results

Access an up-to-date evaluation of our financial performance at Mitchells & Butlers, including market and analyst information, share prices and business strategy.

Two men sit in a booth smiling. One is wearing a blue shirt with a pink polo shirt, and the other is wearing a blue suit with a white shirt.

Our Management

Get to know the experienced core of Mitchells & Butlers, the driving force behind our strategies and accomplishments.

A close-up photo of Tim Jones, the Finance Director for Mitchells & Butlers, wearing a light-blue checkered shirt.

Tim Jones

Chief Financial Officer

A photo of the Director of Investor Relations and Sustainability at Mitchells & Butlers, Amy DeMarsac, wearing a beige jacket and gold necklace.

Amy De Marsac

Head of Investor Relations & Sustainability

A placeholder icon for a team member, with an assumed female silhouette on a dark grey background.

Denise Burton

Deputy Company Secretary