Sumary of All Bar One owner warns on cost headache as hospitality sector fights to recover after lockdowns:
- Hospitality firms face a “major challenge” from higher energy and staff costs as they seek to rebuild following the pandemic, bar and pub operator Mitchells &
- The company behind brands such as Harvester and All Bar One reported a second year in a row of annual losses though said in recent weeks sales had recovered to pre-pandemic levels.
- Pubs boss sees Christmas bookings top 2019 levels Mitchells said it faced the likelihood of short-term supply chain issues and profit margins looked set to be lower than before the pandemic due to “notable” inflation in food and utility charges and labour costs, as pay is hiked for roles where applicants are now harder to find.
- Sales were down by 9.6% on pre-pandemic levels from two years before with venues closed or subject to restrictions for much of the period and traditional drinking-focused pubs in large city centres worst hit.