Mitchells & Butlers Reports First-Half Earnings with Growth and Cost Mitigation
Mitchells & Butlers reported first-half like-for-like sales growth of 3.3% and an operating profit of GBP 181 million, despite slowing second-quarter performance due to weaker consumer spending. The company highlighted easing cost pressures, progress on its Ignite improvement program, debt reduction efforts, and digital investments.
Topics: cost management earnings operating profit sales growth