M&B ‘continuing to outperform against the market’ as sales and profit both rise

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Mitchells & Butlers (M&B) has reported a ‘strong trading performance’ in the first half of its financial year with like-for-like sales growth of 4.3% and operating profit up 10.4%.

The group, whose brands include Harvester, Toby Carvery, Miller & Carter and Browns, said it has continued to outperform the market and expects full-year profit to be at the top end of market expectations.

Phil Urban, chief executive of M&B, said: “The strength of our first half performance is driven by continued focus on maximising the guest appeal of our diverse portfolio of brands to drive sales, supported by efficiency initiatives delivered through our Ignite programme of work.”

Total revenue for the 28 weeks ended 12 April 2025 rose to £1.45bn, up from £1.39bn in the same period last year.

Operating profit increased to £181m (HY 2024: £164m), with a profit before tax of £134m (HY 2024: £108m).

Looking to the second half of the year, Urban added that the group remains focused on the ‘effective delivery’ of its Ignite programme of initiatives and capital investment programme to drive further cost efficiencies and increased sales.

“Notwithstanding a likely increase in cost headwinds next year, we have confidence that relentless focus on delivery of our strategic priorities will generate further value from our well invested and strategically located estate portfolio and compelling customer offers,” he said.