Industry sources say Jubilee street parties kept drinkers out of some city centre pubs (Rui Vieira/PA)
(Picture: PA Wire)The four-day Jubilee weekend bonanza failed to help pub chain Mitchells & Butlers offset the impact of rail and Tube strikes on sales as inflation bit into consumers’ spending power.
Like-for-like sales rose by 0.9% overall in the third quarter cooling from a strong start to the period with a rise of 2.2% in the first five weeks. The owner of the All Bar One and Toby Carvery chains said inflation continued to “present a major challenge to our business and to the hospitality sector as a whole.”
