Pub and bar giant Mitchells & Butlers has revealed slower sales growth in the latest quarter after damp summer weather and disruption from UK riots in August.
But the All Bar One and Toby Carvery owner said it expects to deliver full-year results at the “upper end” of analyst expectations.
The London-listed firm said like-for-like sales have grown by 2.5% so far over the latest quarter. READ MORE: Dancing boy, 2, killed by falling marble fireplace and TV that wasn't fixed to wall, inquest told It reflects a continued slowdown after 3.4% growth in the third quarter and 6.1% in the second quarter.
Mitchells & Butlers, which also runs Harvester and Miller & Carter, said the reduced growth was due to “progressive easing of the inflationary environment, as well as an unseasonally cool and wet summer period and the disruption caused by riots in city centres during August”.
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