Mitchells toasts pub sales jump

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p><a href&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2010&sol;11&sol;mitchells-toasts-pub-sales-jump&period;jpg"><img class&equals;"alignnone size-full" title&equals;"Pub operator Mitchells &&num;038&semi; Butlers said it has posted a rise in sales as more customers opt for higher-priced meals" src&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2010&sol;11&sol;min-mitchells-toasts-pub-sales-jump&period;jpg" alt&equals;"Pub operator Mitchells &&num;038&semi; Butlers said it has posted a rise in sales as more customers opt for higher-priced meals"&sol;><&sol;a><&sol;p>&NewLine;<p>Harvester and Toby Carvery owner Mitchells &&num;038&semi; Butlers has reported another leap in sales as more customers plumped for higher-priced meals&period;<&sol;p>&NewLine;<p>The group&comma; which has around 1&comma;600 sites&comma; revealed a 26&period;1&percnt; increase in full-year profits for the year to September 25 after like-for-like sales improved 2&period;8&percnt; and Mitchells outperformed the overall eating-out market&period;<&sol;p>&NewLine;<p>It said its food-led strategy continued to reap rewards with a 3&period;7&percnt; sales rise in the first eight weeks of the new financial year&comma; including a 6&period;9&percnt; improvement in food business as customers showed a willingness to trade up its menus&period;<&sol;p>&NewLine;<p>The group has rolled out a strategy to focus on food sales as part of an overhaul announced in March to invest in its six mid-market eateries&comma; including Harvester&comma; Toby Carvery&comma; Crown Carveries and Sizzling Pub Co&period;<&sol;p>&NewLine;<p>Restaurant-led pubs are an attractive area for the industry after the smoking ban&comma; alcohol duty increases and the recession impacted the drinking market&period;<&sol;p>&NewLine;<p>Food now accounts for 47&percnt; of the company&&num;8217&semi;s sales and Mitchells estimates that around two-thirds of total sales relate to a food occasion&period;<&sol;p>&NewLine;<p>The group kept same-dish prices the same as last year but said food spend per head still rose 2&period;3&percnt; in the financial year as a result of menu changes&comma; additional courses and the sale of more higher-priced items&period; It added that like-for-like drinks prices were up 3&period;7&percnt;&comma; with volumes down 3&period;1&percnt;&period;<&sol;p>&NewLine;<p>Mitchells said it faced higher regulatory costs in the year due to increases in the National Minimum Wage&comma; statutory pay entitlements and alcohol duty&period;<&sol;p>&NewLine;<p>There were also inflationary costs in food&comma; drinks and distribution&comma; which Mitchells offset with a significant fall in energy costs&comma; efficiencies in menu management and food purchasing gains&period; Employment as a percentage of revenues increased slightly to 24&period;5&percnt; of sales&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ee476eb4a0f">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ee476eb4a0f'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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