Whitbread outperforms
Hotels and restaurants group Whitbread saw like-for-like (LFL) sales rise 4.2 per cent year-on-year in the 11 weeks to August 16th.
Hotels and restaurants group Whitbread saw like-for-like (LFL) sales rise 4.2 per cent year-on-year in the 11 weeks to August 16th.
The Costa Coffee chain was the star performer, with LFL sales up 5.7%. The Restaurants business grew LFL sales by 4.9% while the Premier Inn hotels arm's sales were up 3.2% on a LFL basis. In combination, the Hotels & Restaurants business saw LFL sales up 3.8%.
"Whitbread has continued to deliver good sales growth with total sales up 14.8% in our second quarter," said Andy Harrison, Chief Executive of Whitbread.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Our brands have outperformed in a tough economic climate, with like-for-like sales growth of 4.2% and we have continued our network expansion at Costa and Premier Inn," he added.
An updated version of this story is now available
JH
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Cash in on the growth prospects of Europe's companies
Opinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
By Marcel Stotzel Published
-
Is the AI boom another dotcom bubble?
25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
By Dan McEvoy Published