:. Food Industry News

Categories: Corporate Results

M&B Sees FY Profits in Line with Consensus

Source: Reuters
16/07/2009

London, July 16 - British pubs and restaurants group Mitchells & Butlers said on Thursday it expects profits for the year to be in line with consensus market expectations following robust sales in the third quarter.

Daily News Alerts

The group, which owns the All Bar One and Harvester chains and has about 2,000 pubs, said like-for-like sales up 1.7 percent in the 8 weeks to July 11.

M&B, whose brands also include O'Neills, Ember Inns, and Toby Carvery, said same outlet drink sales were up 3.2 percent during the period with food sales rising 2 percent.

The consensus forecast for underlying pretax profit stands at 122 million pounds ($200 million), according to a Reuters Estimates poll of 18 analysts.

($1=.6100 Pound)




GO   View more articles on this subject


More Alerts from 16/07/2009


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
UK: FSA List of Restaurants and Caterers to Display...
Wendy's/Arby's Posts Third-Quarter Losses
Cheesecake Factory Sticks to 2010 Forecast
Morrison Q3 Growth Slows on Lower Food Inflation
European Shares Lower as Food Producers Weigh
Blackstone's Pinnacle to Buy Birds Eye - Report
USDA Backs Rewarding Schools Serving Healthy Food
Subway Eyes 1,000 Russian Outlets by 2015
Brasil Foods Posts Q3 Profit on Financial Gains
Food Majors Triple Investment in Ending Hunger

More in Food Industry News
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
Brenntag Changes 2.5 Bln Euro Loan to Allow IPO
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Ferrero, Hershey Would Likely Break up Cadbury
Indonesia's Astra Agro Revises Up CPO Forecast
Cocoa Supplier Olam to Benefit from Consolidation Among...

Top Headlines
Procter & Gamble Repurchasing Shares, Quiet on...
US Shoppers Going Green Despite Struggling Economy
Wessanen Sells Liberty Richter to World Finer Foods
Cheesecake Factory Sticks to 2010 Forecast
European Commission Refers Greece to ECJ over Unjustified...
JM Smucker's Quarterly Net Income Increases 172%
Cocoa Supplier Olam to Benefit from Consolidation Among...
Avebe and National Starch Food Innovation to Expand...
Auchan Backs Hypermarkets as Rivals Rethink
Ferrero Could Eye Cadbury Gum, Candy Unit
Dole Food Posts Wider Q3 Loss
Fonterra Sells Stake in UK Joint Venture to Arla
Imperial Sugar Company Closes Three-Way Joint Venture...
PepsiCo to Invest $100 Million in Egypt in 2010
Ex-Parmalat Auditors Settle US Investor Lawsuit
Tesco in Broadband Push as Reaches Beyond Groceries
India Sugar Protest Forces Parliament to Shut
Kerry Group Keeps Full Year Earnings Growth Forecast
Nestle Professional to Acquire Vitality Foodservice
Pinnacle Foods Acquires Birds Eye Foods for USD 1.3...
DSM Makes Great Strides in Production Processes for...
Russian Grocer X5 Plans Higher 2010 Capex
Brazil: Laep in Talks to Sell Dairy Plant to Nestle
SunOpta Announces Opening of Natural and Organic Sesame...
Products Comprising, and Uses of, Decarboxylated Phenolic...
Process for the Preparation of Packaged Heat-Preserved...


 


FLEXNEWS 2009 - All rights reserved
ISSN 1950-6228