Hospital chain industry bosses mourn ‘lost Christmas’
Pub boss Chain Mitchells & Butlers saw sales decline during the festive period because industry bosses mourned a ‘lost Christmas’.
Sales for the four weeks to January 8 were down 10.2 percent compared to the same period in 2019, the agency said.
This means that in the first quarter of the fiscal year – from January 8 to the 15 weeks – is down 1.5 per cent.
Omicron Effect: Pub Chain Mitchells and Butlers said sales for the four weeks to January 8 were down 10.2% compared to the same period in 2019 before the epidemic.
But chief executive Phil Urban was upbeat: ‘We are encouraged by Omicron’s transformation data, which we believe will boost consumers’ confidence to return to pubs and restaurants.’
Shares rose 1 per cent, or 2.4p, to 260p.
M&B’s statistics, which run nearly 1,700 pubs under brands such as Harvester, All Bar One and Toby Carvery, came as data revealing the Christmas chaos caused by Kovid.
About 3 percent of employees or 1 million people were out of work due to Kovid at the end of December, but 21 percent of businesses reported increased layoffs.