British pub group Mitchells & Butlers Plc has posted a massive sales slump and said that its outlook remains "challenging and uncertain" in the face of new curbs for British pubs and restaurants to tackle a surge in COVID-19 cases.
British prime minister Boris Johnson has ordered all pubs, bars, restaurants and other hospitality sites to close at 10 pm, with only table service allowed.
Total Sales And Like-For-Like Sales
Mitchells & Butlers said that its total sales for the 51 weeks that ended on September 19 fell by more than 35% due to a sharp slump in demand caused by coronavirus-led store closures.
Get a FREE Digital Subscription!
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.The company said that the UK government's "eat out to help out" scheme and lower tax rate for certain supplies helped it to return to like-for-like sales growth of 1.4% in August, and added that it has now reopened 95% of its outlets.
News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.
