All Bar One owner says wet weather throughout the summer led to slower sales – London Business News | Londonlovesbusiness.com

All Bar One who is owned by Mitchells & Butlers said that the constant wet weather throughout the summer months led to slower sales.

The riots in August also affected sales and they are expecting to deliver their full year result on the upper end of expectations.

In the latest quarter like-for-like sales rose by 2.5% in the quarter and the reduce growth was due to “progressive easing of the inflationary environment, as well as an unseasonally cool and wet summer period and the disruption caused by riots in city centres during August.”

Phil Urban, chief executive of the group, said, “Sales growth has continued to normalise as inflationary cost pressures ease, whilst our diverse portfolio of established brands and advantaged estate locations underpin our outperformance against the market.

“We enter the new financial year armed with a fresh wave of initiatives under our Ignite programme and a full capital investment programme planned to deliver cost efficiencies, increased sales and to further drive market outperformance and increasing profitability.”