Mitchells & Butlers PLC (LSE:MAB)
£ 2.605 0.045 (1.76%) Market Cap: 1.55 Bil Enterprise Value: 3.21 Bil PE Ratio: 0 PB Ratio: 0.71 GF Score: 73/100
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Full Year 2023 Mitchells & Butlers PLC Earnings Call Transcript

Nov 30, 2023 / 08:30AM GMT
Release Date Price: £2.22 (-8.58%)
Philip Urban
Mitchells & Butlers plc - CEO & Executive Director

Right. Good morning, ladies and gentlemen, and welcome to the results presentation for Mitchells & Butlers this morning. We're delighted to be able to announce what we think is a very strong years trading, 9.1% like-for-like sales growth. Our operating profit up 17.6%, once you adjust for the government support we enjoyed in FY '22. Our strongest-ever guest review scores and our people metrics back to where they were pre-COVID.

Whilst we understand that we still have challenges of our head, we now look forward with a new level of confidence, given our strong and unparalleled estate and brands the fact that macro-driven cost headwinds seem to be abating and given the fact that our capital and Ignite programs of work are full and we're on with those as I speak. I will take you through our current priorities and roadmap a little later, but first, Tim will take you through the financials.

Timothy Charles Jones
Mitchells & Butlers plc - CFO & Executive Director

Morning.

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