Inflationary pressures put the squeeze on pubco
Birmingham-based pubco Mitchells & Butlers has warned margins for the full year will be below last year due to inflationary cost pressures.
Beer sales at its pubs were down in the eight weeks to September 16, although for the full year to the same date showed a 2.1% improvement on last year.
Total sales, which comprise food and drink, were up 1.8% - food sales showing a 1.4% improvement.
In a pre-close update, the group blamed poor weather in August and September for the decline in drink sales.
It said: “Following a ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
