World cup and weather boost drink sales
The football world cup and prolonged sunny weather cheered drink sales at pub giant Mitchells & Butlers but took a bite out of its food revenues.
It expects margins to remain squeezed having previously warned of "cost headwinds" affecting its business.
The Birmingham-based pub giant operates around 1,800 pubs under more than a dozen brands, including Harvester, Toby Carvery, All Bar One and Miller & Carter.
Revenues from drinks rose 3.9% in the 11 weeks to July 28, but food sales were down 1.8%.
Phil Urban, M&B... 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...