Wednesday is to play host to the battle of the pUBS, with both Mitchells & Butlers PLC (LON:MAB) and Marston’s plc (LON:MARS) due to report their half-year results.
It could be a messy one as well. In their last updates earlier this year, both chains said they struggled over the Christmas period with the bad weather.
Things didn’t get much better in the New Year, though. Retailers and restaurants all saw fewer people coming through the doors as a result, and analysts are predicting softer sales for the pUBS, too.
On top of the weather, both companies are also having to deal with rising costs and weaker consumer confidence. Guidance for sales during the upcoming World Cup will also be keenly spied.
C & C due up with full-years
Sticking with the pub theme, Bulmers cider maker C & C Group PLC (LON:CCR) is due up with its full-year numbers.
The mid-cap alcoholic drinks firm, which also brews Tennent’s Lager, has recently enhanced its supply chain position with the acquisition of UK-based distribution businesses Matthew Clark and Bibendum - which had £1.2bn of gross revenues in 2017.
Last week, it also inked an exclusive distribution partnership with Tsingtao Brewery Company, China’s largest beer firm, which will address the markets in the UK and Ireland.
At the time of its interim results back in October, C & C told investors it had made a “solid start” to the second half albeit it noted competitive pressures in Ireland and volatile consumer conditions.
Buyback at Burberry?
From the bar to the catwalk and Burberry Group PLC (LON:BRBY), which is currently going through a transitional period after a raft of management changes, is set to announce its final results.
In early March, the FTSE 100-listed trench coat maker drafted in a new creative chief, a new chairman designate and filled the recently-introduced role of chief commercial officer.
Adding to the era of change, Belgian billionaire Albert Frere sold his entire 6.6% stake in the luxury goods firm, netting himself – via his holding company – a cool £500mln.
In a preview of the numbers, UBS expects Burberry’s full-year underlying earnings (EBIT) to be £453mln, which is broadly in line with consensus, and says the focus will be on the outlook for the current year and whether a new share buyback is announced.
Wednesday May 16:
Finals: Burberry Group PLC (LON:BRBY), C&C Group PLC (LON:CCR), Speedy Hire Plc (LON:SDY)
Interims: Marston’s plc (LON:MARS), Mitchells & Butlers PLC (LON:MAB), Brewin Dolphin Holdings PLC (LON:BRW), SSP Group PLC (LON:SSPG)
Trading update: Crest Nicholson PLC (LON:CRST), Galliford Try plc (LON:GFRD), Mondi Plc (LON:MNDI (Q1), National Express PLC (LON:NEX), Premier Oil PLC (LON:PMO), STV Group PLC (LON:STV), TI Fluid Systems PLC (LON:TIFS), Charter Court Financial Services Group PLC (LON:CCFS)