London · Delayed Price · Currency is GBP · Price in GBX Mitchells & Butlers Earnings Call Transcripts
Fiscal Year 2026
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First half saw strong trading and profit resilience despite Q2 weather and cost headwinds. Net debt fell to 1.6x EBITDA, CapEx increased for growth, and efficiency programs offset inflation. Outlook remains positive as cost pressures ease and investment continues.
Fiscal Year 2025
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Delivered strong sales and profit growth, outpacing the sector for the ninth year, with robust cash flow, reduced debt, and record ROI from remodels. Facing significant cost headwinds, but ongoing mitigation and a strong balance sheet support a positive outlook.
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First-half results show strong sales and profit growth, with margins and EPS up significantly year-over-year. Cost headwinds persist, mainly from labor and food, but robust cash flow and operational outperformance support a positive outlook.