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Mitchells & Butlers (MAB) investor relations material
Mitchells & Butlers Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 TU earnings summary25 Sep, 2025
Executive summary
Outperformance against the market sustained, with robust results in mid-market pubs and restaurants, while London and premium segments were slightly weaker.
Like-for-like sales grew 4.2% year-to-date, with food up 4.1% and drink up 4.0%.
Total sales increased by 3.9% for the year to date.
Financial highlights
Like-for-like sales growth: Q1 3.9%, Q2 4.7%, Q3 5.0%, Q4 3.1%, YTD 4.2%.
Food sales up 4.1% and drink sales up 4.0% year-to-date.
Outlook and guidance
Full year results expected to be in line with consensus expectations.
Anticipates higher cost inflation of around £130m (approx. 6% of cost base) next year.
Brands are positioned to continue outperforming the sector, supported by ongoing cost efficiencies.
Address London/premium sales underperformance
Detail returns from capital programme
Mitigation strategy for £130m cost inflation
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Next Mitchells & Butlers earnings date
H2 202526 Nov, 2025
Next Mitchells & Butlers earnings date
H2 202526 Nov, 2025
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Frequently asked questions
Mitchells & Butlers plc engages in the management of pubs and bars as well as restaurants in the United Kingdom and Germany. The company operates its pubs and restaurants under the Alex, All Bar One, Browns, Castle, Ember Inns, Harvester, Innkeeper's Lodge, Miller & Carter, Nicholson's, O'Neill's, Premium Country Pubs, Sizzling Pubs, Stonehouse, Toby Carvery and Vintage Inns brands and formats; Innkeeper's Collection hotels in the UK; and restaurants and bars in Germany under the Alex brand. It also engages in the leisure retailing; property leasing, property management and development; and financing activities. Mitchells & Butlers plc was founded in 1898 and is based in Birmingham
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