All Mitchells & Butlers articles – Page 5
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Analysis & Insight
Goodbody on M&B, TRG, Marston’s
Mitchells & Butlers, Restaurant Group and Marston’s all seeing a significant impact from COVID-19
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NewsM&B has headroom to suffer ‘significant loss’
Mitchells & Butlers has provided a trading update in light of the Covid-19 outbreak, with like-for-like sales 0.9% for the 24 weeks to 14 March.
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NewsChoose brand before tech - M&B
Operators should choose technology solutions that compliment their brand’s DNA, rather than adopting tech because “it’s the right thing to do”, Mitchells and Butlers’ head of digital transformation told MCA’s Hostech conference.
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Analysis & Insight
Goodbody on Mitchells & Butlers
Like for like sales growth for the first 14 weeks of the year to the 4th of January was +2.6% (versus our H1 expectation of c.2.2%) with food +3.0% and Drink +1.8%. Implies growth of +3.5% in the most recent 7 weeks (Food +4% & Drink +2.7%). Total sales growth for the 14 weeks is +2.6%. The festive period showed good LFL sales growth of +5.6% over the three weeks, with +6.5% growth across the 5 key festive days.
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Analysis & InsightJ.P. Morgan Cazenove on Marston’s and M&B
After strong outperformance in 2019, we are moving MARS and MAB to Neutral, from Overweight, as the current share prices have now “caught up” to reflect the fundamentals, in our estimation. MAB’s operational performance inflected during 2019, and MARS largely resolved fears around its leverage and dividend sustainability. In addition, ...
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Analysis & InsightJ.P. Morgan and Goodbody on Mitchells & Butlers
Robust Q120 LFL represents comparison-adjusted acceleration
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NewsMitchells & Butlers “pleased” with performance
Mitchells & Butlers has released a trading update for the 14 weeks ending 4 January 2020. Like for like sales were up 3.5%, with “particularly strong sales growth” in food. Over the three-week festive period, like-for-like sales were up 5.6%. Total sales increased by 2.7% over the full year to date.
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OpinionAnalysts’ verdict: Berenberg on Mitchells & Butlers
Mitchells & Butlers shares are due a “pause for breath” believes analyst Berenberg.
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OpinionJP Morgan, Goodbody and Morgan Stanley on Mitchells & Butlers
Leading analysts share their views on Mitchells & Butlers (M&B) full year financial results, and how they stack up against forecasts.
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NewsPhil Urban: ‘Greene King deal vindication of why shareholders invested in us’
Mitchells & Butlers (M&B) will inevitably be touted as a potential target for M&A, but chief executive Phil Urban doesn’t see a takeover happening, he has told MCA.
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NewsMitchells & Butlers reveal “strong” performance
Mitchells & Butlers CEO Phil Urban has hailed a “strong” performance after the group revealed a rise in sales and profits. Sales were up 4% to £2,237m for the year ended 28 September 2019 with pre tax profits up 36% to £177m. Like for like sales were up 3.5%.
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NewsPret, TGI Fridays and M&B sign up with allergy app
Pret, TGI Fridays and Mitchells & Butlers have all teamed up with a new smartphone app to help people with allergies avoid food which could trigger them. The free app, called Dinepilot, allows consumers to filter meals based on 14 of the most common allergies, and it also ensures operators comply with food allergy management.
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NewsStrong drink sales drive M&B’s 3.3% lfls growth
Mitchells & Butlers (M&B) has continued to outperform the market in the eight weeks to 21 September, with like-for-like sales growing by 3.3%.
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OpinionProperty, partnerships, people
The surprise £2.7bn bid for Greene King from Hong Kong-based property developer CK Asset Holdings certainly woke up August – not least because it immediately set off excited speculation about who might be next.
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NewsMorgan Stanley on Mitchells & Butlers
Mitchells & Butlers’ (M&B) sales will continue to outperform a gently improving UK pub market, believe analysts at Morgan Stanley.
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Analysis & InsightM&B – Much ado about branding
MCA market insight director Steve Gotham analyses data from MCA’s Eating Out Panel to pinpoint potential areas for improvement for some of Mitchells & Butlers’ key brands.
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NewsEgo Restaurants lines up two further sites
Ego Restaurants, the joint venture between 3Sixty Restaurants and Mitchells & Butlers, has lined up two further openings, taking it to 20 sites in total.
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News
Vasey swaps M&B for Zonal
Zonal has appointed Alison Vasey to the newly-created role of group product director, as it continues to strengthen its senior management team.
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OpinionAnalysts’ corner: Mitchells & Butlers
A material re-rating should lie ahead if the business continues to executive its operational improvement and de-leveraging plans, believe analysts at Berenberg.
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NewsSales up at Mitchells and Butlers
Mitchells and Butlers has said sales increased by 4.1% for the 43 weeks in the year to date, ending 27 July 2019. Over the same period it’s also opened six new sites and revamped 230 existing sites. It also said LFL sales for the ten-week period since its last announcement grew by 2.8%, a performance it said was “ahead of the market”.