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Toby Carvery and Miller & Carter sell fewer steak and carvery meals thanks to heatwave
['Henry Saker-Clark', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Pub and bar giant Mitchells & Butlers (M&B) has reported a slump in food sales recently, attributing the decline to hot summer weather.
This dented demand for traditional steak dinners and carvery lunches, causing the company's shares to slide on Thursday.
M&B stated "exceptional" heat particularly affected its food-led brands, notably Toby Carvery and Miller & Carter steakhouses.
Food sales across the group, which also runs Harvester and Sizzling Pubs, fell by 2.4 per cent over the period.
The flat quarterly performance reflected a slowdown in trading, following a 3.3% increase over the first half of the financial year, which had been buoyed by stronger food sales.