Strong trad­ing is boost

The Press and Journal (North-East) - - Business -

The owner of All Bar One and Har­vester has said strong Christ­mas trad­ing helped drive a rise in sales in the first quar­ter.

Mitchells & But­lers said like-for-like sales in the four weeks to Jan­uary 7 came in at 4.7%. Over the first three months of the year, com­pa­ra­ble sales rose 1.7%.

In Novem­ber, the group saw an­nual prof­its drop by a quar­ter and warned over a hit from the Brexit-rocked pound and soar­ing wage costs.

Boss Phil Ur­ban struck a more pos­i­tive note yes­ter­day, say­ing: “This is an en­cour­ag­ing per­for­mance, build­ing on pos­i­tive mo­men­tum from ear­lier in the year.

“We are start­ing to ben­e­fit from the many ini­tia­tives we con­tinue to put in place.”

The group has launched Siz­zling Pizza & Carvery and Siz­zling Pub & Grill.

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