Blog: Pub group Mitchells says rising costs since Brexit will hurt results – Reuters UK

Nov 25 (Reuters) – Mitchells & Butlers (MAB.L) expects rising costs, supply chain issues and labour shortages since Brexit will “inevitably” have an impact on its performance in the current year, the British pub operator said on Thursday.

The comments come even as like-for-like sales for the eight weeks since the end of September grew 2.7%, compared to pre-pandemic levels.

Difficulty in finding workers and supply chain troubles going into the crucial holiday season have posed new challenges as the hospitality industry gets back on its feet after a year of prolonged closures and restrictions.

The company, which has 1,700 restaurants and pubs, said it was likely to face short-term supply issues related to material procurement and contractor availability, which it added might affect progress in the current financial year.

“Brexit remains an important event for the market and has created risks for the sector, principally around the supply and cost of products and workforce shortages,” the London-listed company said in a statement.

Register now for FREE unlimited access to reuters.com

Reporting by Muvija M in Bengaluru; Editing by Shailesh Kuber

Our Standards: The Thomson Reuters Trust Principles.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s