Pubs group Mitchell’s & Butlers, which owns chains such as Harvester, Toby Carvery, All Bar One and Miller & Carter, has posted a “robust” trading performance and expects costs to fall.
Like-for-like sales growth of 2.1% in the year to date is ahead of the market and the group said it enters its new financial year with confidence.
The company forecasts cost headwinds to fall from £120m in FY26 to approximately £95m if FY27, equivalent to around 4% of the cost base.
“Supported by ongoing Ignite initiatives and the benefits of our capital investment programme, we remain well positioned to mitigate these pressures and deliver further operating profit growth,” it said.
Phil Urban, chief executive, added: “We are pleased to see like-for-like sales return to growth in the fourth quarter, with trading performance ahead of the market, demonstrating the strength and resilience of our diverse portfolio of brands.
“Looking ahead, we enter the new financial year with confidence. Normalised cost headwinds, combined with our ongoing efficiency initiatives and a proven capital investment programme, provide a strong platform for further growth in earnings and long-term shareholder value.”
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