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Shares in pub company Mitchells & Butlers PLC (LSE:MAB) fell 4.7% to 262p after it reported flat third-quarter sales as the heatwave hit demand at its food-led pubs, offsetting stronger trading across drink-focused venues. Like-for-like sales for the Toby Carvery, Miller & Carter and All Bar One owner grew 2.2% over the first 42 weeks of its financial year.

Shore Capital has reiterated its 'buy' recommendation on Mitchells & Butlers PLC (LSE:MAB), the FTSE 250 pub and restaurant operator, with a 350p price target, implying upside of 47% from the current share price of 239p. The broker argues the shares, down more than 25% since the outbreak of the Iran conflict, have sold off well beyond what the underlying fundamentals warrant, with the stock now trading at a near…

Mitchells & Butlers plc (MBPFF) Q2 2026 Earnings Call Transcript

Mitchells & Butlers LON: MAB said first-half trading remained ahead of the wider market, with management pointing to resilient sales, cost controls and balance sheet progress despite weaker second-quarter momentum and significant inflationary pressures.

Mitchells & Butlers PLC (LSE:MAB) shares fell 8.7% after the pub and restaurant group reported flat underlying profits for the first half due to cost inflation, while sales growth slowed. Adjusted operating profits for the owner of All Bar One, Harvester and Toby Carvery were unchanged at £181 million for the 28 weeks to 11 April.