Mitchells & Butlers revenue down by a third

Mitchells & Butlers - the group that operates Browns, Miller & Carter (pictured, right), Harvester and Stonehouse Pizza & Carvery among many other concepts - has announced total revenue declined by a third (34.1%) its full year results.

The figures, which cover the 52 weeks ending 26 September 2020, reveal the group's operating profit fell from £297m in 2019 to just £8m. 

This full year period includes the enforced closure of its brands due to Covid-19 from 20 March to 4 July.

Despite the losses announced, the group's like-for-like sales decline of 3.5% remained 'consistently ahead of the market'.

"Throughout a very uncertain and challenging year our businesses and teams have adapted quickly, creating a safe environment for guests and putting us in a strong position to benefit when consumers are able to eat out again," says Phil Urban, Mitchells & Butlers' chief executive. "We saw direct evidence of this from a strong trading period in July and August before further restrictions came into force.

"With our great estate, balanced portfolio of brands and proven management team, we remain optimistic that we will be able to regain the momentum previously built and continue to achieve sustained market outperformance, when the current operating restrictions are eased."