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Mitchells & Butlers has claimed to be outperforming the market in like-for-like (lfl) sales and expects its annual results to be at the top end of its forecasts.
Pub group Mitchells & Butlers said on Wednesday that its full-year results were set to be at the top end of consensus expectations as it reported a rise in first-half profit.
The Birmingham-headquartered group has around 50,000 employees across 1,800 pubs, bars and restaurants
Overall cost inflation, which had slowed the recovery pace for pubs in the UK after the pandemic, had abated further, Mitchells & Butlers said on Wednesday.
Mitchells & Butlers plc (LON:MAB – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 232.82 ($2.94) and traded as high as GBX 248.40 ($3.14). Mitchells & Butlers shares last traded at GBX 246.40 ($3.11), […]