Restaurants & Bars
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X @Bloomberg
Bloomberg· 2025-11-29 07:58
Pub owners and hoteliers are crying foul over changes to business rates in the UK budget https://t.co/AoG4R6C2nG ...
Financial Performance of Mitchells & Butlers PLC (MBPFF)
Financial Modeling Prep· 2025-11-28 20:00
Financial Performance of MBPFF - MBPFF reported an earnings per share (EPS) of $0.1655, slightly above the estimated $0.1653 [1][6] - The company's revenue was approximately $1.69 billion, surpassing estimates, indicating a positive financial standing [1][6] - The price-to-earnings (P/E) ratio of 9.29 suggests a low valuation relative to its earnings [1][6] Financial Performance of Mitchells & Butlers PLC - Mitchells & Butlers PLC experienced an 11% increase in share price, reaching 284p, following the release of its full-year results [2] - The company reported a 6% increase in adjusted EBIT to £330 million, slightly above consensus estimates [2][3] - Adjusted profit before tax rose by 17% to £246 million, exceeding expectations by about 4% [3][4] - Revenue grew by 4% to £2.7 billion, reflecting a robust performance [3] - In the first eight weeks of the new financial year, like-for-like sales increased by 3.8%, compared to a 3.1% rise in the final quarter of 2025 [3] Cost and Profitability Insights - Operating profit for Mitchells & Butlers reached £330 million, surpassing expectations by £5 million [4] - Earnings per share rose by approximately 17% to 31p, slightly exceeding forecasts [4] - The company anticipates an additional £130 million in cost inflation for the year, equating to around 6% [4]
X @BBC News (World)
BBC News (World)· 2025-11-03 06:00
Bar owner's appeal for aid supplies for Jamaica https://t.co/2u9zHl4ZAW ...
X @The Economist
The Economist· 2025-10-07 13:20
Industry Trends - Pub closures have accelerated due to rising costs, changing tastes, and the pandemic in Britain [1] - Britain is no longer the boozer's paradise it once was [1] Business Strategies - Value chains like Wetherspoon can keep prices down due to their economies of scale [1]
X @The Economist
The Economist· 2025-10-06 17:40
The pub is among Britain’s most successful cultural exports. J D Wetherspoon is one of the country’s most popular chains—and it is on the offensive https://t.co/kou6sh9lps ...
Rosen Law Firm Encourages RCI Hospitality Holdings, Inc. Investors to Inquire About Securities Class Action Investigation – RICK
Businesswire· 2025-09-17 22:34
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of RCI Hospitality Holdings, Inc. due to allegations of materially misleading business information issued by the company [1] Summary by Relevant Sections - **Investigation Announcement**: Rosen Law Firm has announced an investigation into RCI Hospitality Holdings for potential securities claims [1] - **Allegations**: The investigation stems from allegations that RCI Hospitality Holdings may have provided misleading business information to the investing public [1] - **Shareholder Rights**: Shareholders who purchased RCI Hospitality Holdings securities may be entitled to compensation without any out-of-pocket fees [1]
X @Bloomberg
Bloomberg· 2025-07-16 17:33
Stonegate’s bonds slid after Moody’s Ratings downgraded the UK pub company one step to Caa1, citing an anticipated weakening in earnings and rising cost pressures https://t.co/R2zMBC9nrc ...
X @The Economist
The Economist· 2025-07-15 23:20
British pubs have been around for a while in America—though the Britishness was in the decor, not on the plate. Now, that is changing https://t.co/CmWylG9o6i ...