May 17, 2023 / 08:00AM GMT
Philip Urban - Mitchells & Butlers plc - CEO & Executive Director
Good morning, ladies and gentlemen. After a difficult 3 years, it feels great to be able to stand here today and present a strong first half set of figures. And with our sales trajectory continuing to improve and some of the macro headwinds now starting to subside, our optimism about the future is getting stronger and stronger. Whilst we still have some way to go before we're back to where we were pre-COVID, it does now feel like we have real momentum again and a passion and energy across the business that is going to serve us well over the coming months.
Over the first half, we delivered like-for-like sales growth of 8.5%. And now that the distortions of the Omicron variant and the benefit of VAT late last year have washed through, we are encouraged by the continuing sales trajectory with like-for-like sales growth over the last 6 weeks standing at 8.9%.
So today, we'll start with Tim take you through the detail of the numbers before I return to remind you about what it is we're trying to achieve and to explain
Half Year 2023 Mitchells & Butlers PLC Earnings Call Transcript
Feb 14, 2024
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