|Bid||176.60 x 0|
|Ask||176.70 x 0|
|Day's range||174.90 - 192.90|
|52-week range||158.80 - 302.80|
|Beta (5Y monthly)||1.44|
|PE ratio (TTM)||6.06|
|Earnings date||18 May 2022|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||14 Dec 2017|
|1y target est||278.50|
Mitchells shares were down 1.2% in early trade, while Fuller, Smith & Turner stock lost about 2%. Rival J D Wetherspoon earlier forecast losses this year, hurt by rising labour, maintenance and marketing costs. With prices of everything from fuel to food ingredients rising, consumers are cutting back, while record high UK temperatures have also recently kept people at home.
UK pub chains warn of price rises due to increase in food and fuel costs. Marston’s phases out ‘two-for-one’ meal offer while Mitchells & Butlers increases prices to cope with rising costs of utilities, wages and food
Two major British pub operators on Wednesday warned that expenses stemming from the Russia-Ukraine war and the cost of living crisis would crimp their profits, suggesting a tough year ahead for an industry still recovering from the pandemic. The caution from Mitchells & Butlers and Marston's underscores challenges facing the hospitality and wider consumer sector as prices of everything from fuel to food ingredients are rising and consumers are limiting spending. "Grain costs have gone through the roof, animal feed therefore is higher, therefore livestock costs are higher," Mitchells & Butlers Chief Executive Phil Urban told Reuters.