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Mitchells & Butlers reports flat Q3 sales as heatwave lowers food demand, drink sales rise.

Market News
23 Jul 2026
Proactive Investors
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Bearish
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Mitchells & Butlers PLC saw flat sales in the third quarter of 2026 due to a heatwave reducing demand at its food-led pubs, despite stronger drink sales boosted by events like the World Cup. Food sales dropped 2.4%, while drink sales increased 2.6%. The company is accelerating its investment program with 181 conversions and remodels completed and 10 new site acquisitions, including in Germany. Despite cost inflation of around £120 million expected this year, management remains confident that efficiency efforts will meet market expectations.

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