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Mitchells & Butlers
Mitchells & Butlers (MAB) investor relations material
Mitchells & Butlers Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary23 Jul, 2026
Executive summary
Year-to-date like-for-like sales growth reached 2.2%, demonstrating resilience despite challenging weather and tough comparatives.
Third quarter trading was impacted by the timing of Easter and extended periods of extreme heat, with food-led businesses particularly affected.
Drink-led brands performed well, aided by the football World Cup on selected days.
Financial highlights
Like-for-like sales growth for the year to date stands at 2.2%.
Total sales increased by 1.3% year-to-date.
Food sales saw a 2.4% increase year-to-date, while drink sales were flat at 0.0% in the third quarter.
Outlook and guidance
Cost inflation expectations remain at approximately £120m for the financial year.
Full-year outturn is expected to be in line with consensus expectations, supported by ongoing investment and operational initiatives.
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Latest events from Mitchells & Butlers
- Operating profit up 10.4% on 4.3% sales growth; outlook remains strong despite cost pressures.MAB
H1 20258 Jul 2026 - Sales up 3.3%, profit steady at £181m, and net debt reduced to £747m amid strong investment.MABH1 202626 May 2026
- Festive trading delivered record sales and 4.5% like-for-like growth, outpacing the market.MABQ1 2026 TU15 Jan 2026
- Sales and profit growth outpaced the market, with strong cash flow and reduced leverage.MABH2 202528 Nov 2025
- Like-for-like sales rose 4.2% YTD, with strong mid-market growth and resilient outlook.MABQ4 2025 TU25 Sep 2025
- Like-for-like sales growth reached 4.5% year-to-date, outperforming the market.MABQ3 2025 TU11 Aug 2025
- Strong profit growth and market outperformance, with robust sales and margin recovery.MABH2 202413 Jun 2025
- Sales growth outpaces the market, with strong cost control and positive outlook.MABTrading Update13 Jun 2025
- Sales growth ahead of the market and margin recovery expected as cost pressures ease.MABQ3 2024 TU13 Jun 2025
Next Mitchells & Butlers earnings date
H2 202627 Nov, 2026
Mitchells & Butlers
Next Mitchells & Butlers earnings date
H2 202627 Nov, 2026
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