(RTTNews) – Mitchells & Butlers PLC (MAB.L, MLB), an operator of managed eating places and pubs, reported Wednesday that its fiscal 2024 revenue earlier than tax was 199 million kilos, in comparison with lack of 13 million kilos a yr in the past.
Earnings per share had been 25.0 pence, in comparison with prior yr’s lack of 0.7 pence.
Adjusted revenue earlier than tax was 211 million kilos, in comparison with 112 million kilos final yr. Adjusted earnings per share had been 26.4 pence, in comparison with 15.6 pence a yr in the past.
Adjusted working revenue was 312 million kilos, in comparison with 221 million kilos final yr, on a 52-week foundation.
Whole income for the interval elevated to 2.61 billion kilos from prior yr’s 2.50 billion kilos. The income development was 6.1% on a 52-week foundation.
Like-for-like gross sales elevated 5.3% with sturdy performances by way of the model portfolio and continued out-performance towards the market as a complete.
Within the fourth quarter, gross sales grew 3.4% having been negatively impacted by riots in metropolis centres throughout August, in addition to an unseasonably cool and moist summer time.
Relating to the present buying and selling, Mitchells & Butlers stated it skilled a powerful begin to fiscal 2025, with LFL gross sales up 4% within the first seven weeks.
The corporate stated it expects to out-perform the market driving additional revenue development within the yr forward.
For extra earnings information, earnings calendar, and earnings for shares, go to rttnews.com.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
