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Mitchells & Butlers flags challenging business environment on cost pressures

07/21/2022

Less than a minute

2022.07.21 09:55

Mitchells & Butlers flags challenging business environment on cost pressures
FILE PHOTO: The Mitchells & Butlers company logo is pictured in London, Britain, December 1, 2021. REUTERS/May James

(Reuters) – British restaurant and pub operator Mitchells & Butlers on Thursday flagged a challenging trading environment due to surging costs in the aftermath of the Ukraine conflict and low consumer spending amid a worsening cost-of-living crisis.

The company, which has about 1,700 restaurants and pubs in the United Kingdom, said quarterly like-for-like sales were up 0.9% compared with the same period in pre-pandemic 2019.

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07/21/2022

Less than a minute