All Bar One owners boosts sales by 3.9% during Christmas

  • All Bar One owners boosts like-for-likes sales 3.9% in the three-weeks to Jan 6
  • Pub user enjoys fender Christmas Day with 5.4% like-for-like sales
  • But weather dampens trade in run-up to gratifying duration with sales only up 1.6%

Alex Wright For Thisismoney.co.uk

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Pub and grill sequence Mitchells Butlers has reported clever Christmas trading, despite the bad weather.

The All Bar One, O’Neill’s, Toby Carvery and Harvester owners pronounced that like-for-likes sales increasing 3.9 per cent in the three-week gratifying trade duration to Jan 6.

It done record takings on Christmas Day, posting 5.4 per cent like-for-like sales expansion and selling 225,000 meals.

Festive cheer: Pub and grill sequence Mitchells  Butlers has reported clever Christmas trading, despite the bad weather

Festive cheer: Pub and grill sequence Mitchells  Butlers has reported clever Christmas trading, despite the bad weather

Festive cheer: Pub and grill sequence Mitchells Butlers has reported clever Christmas trading, despite the bad weather

Overall, sales were up 2.2 per cent year-to-date.

This was despite the organisation battling increasing costs, many particularly from salary inflation, rising skill costs and unlucky banking sell rates, and having to make cost adjustments for food cost inflation.

But the group, which operates some-more than 1,750 restaurants and pubs in the UK, pronounced that in the 7 weeks heading up to December, allied sales were only up 1.6 per cent given of the inauspicious weather conditions.

That compared to a 2.3 per cent boost in the prior 7 weeks.

Boss Phil Urban said: ‘We are gratified to have delivered continued clever trade results over the critical gratifying duration in the face of formidable weather for many of the guests, indicating the lure of the offers in a rival market.’

In November, Mitchells saw its shares thrust after warning it could throw its next shareholder division payout on the back of revoke increase and pronounced it faced serve risks amid Brexit uncertainty.

But it rallied back towards the finish of 2017 and is up 2.8 per cent over the last year.

The pub organisation reported a tumble in pre-tax increase to £77million for the year to Sep 30, compared to £94m the prior year.

Dampened sales: The group, which operates some-more than 1,750 restaurants and pubs in the UK, pronounced that in the 7 weeks heading up to December, allied sales were only up 1.6 per cent given of the inauspicious weather conditions

Dampened sales: The group, which operates some-more than 1,750 restaurants and pubs in the UK, pronounced that in the 7 weeks heading up to December, allied sales were only up 1.6 per cent given of the inauspicious weather conditions

Dampened sales: The group, which operates some-more than 1,750 restaurants and pubs in the UK, pronounced that in the 7 weeks heading up to December, allied sales were only up 1.6 per cent given of the inauspicious weather conditions

It comes as the company works to equivalent a spike in shopping costs on the back of the Brexit-hit pound, observant it expects those pressures to continue into the next financial year.

Mitchells non-stop two new sites and finished 114 conversions in the financial year to date.

‘We design to finish around 270 remodels and conversions in the full year,’ it said.

Pubs are approaching to humour if entrance to unfamiliar workers is limited as a outcome of Brexit, with the British Hospitality Association observant progressing this autumn that around 700,000 of the liberality sector’s 3.2m workforce are from the EU.

Rival pub sequence Young’s last year pronounced it was endangered that Brexit doubt was making it some-more formidable to attract and keep staff.

Stifel researcher Jeffrey Harwood said: ‘We perspective this as an enlivening refurbish with good underlying trade equivalent by the impact of inauspicious weather in the second week of December.’

The company’s shares were down 2.5 per cent at 276.1p in early trading.


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