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.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published