Whitbread PLC

Whitbread PLC (LSE: WTB) is an FTSE 100-listed Dunstable, the United Kingdom-headquartered hotel operator. The Company also owns and operates the Premier Inn business.

Q1 FY25  Trading Update (Released on 18 June 2024)

• Financial Update: Group total sales grew by 1% to GBP 739 mn in Q1 FY25, driven by improved trading in the UK and continued progress in Germany. Premier Inn UK trading performance strengthened during the quarter as Q1FY25 accommodation sales were in line with last year. For the Premier Inn Germany, the total accommodation sales increased by 15%, led by the maturity of the estate and room growth.

• Operational Highlights: The trading performance improved over the quarter after initially being 1% behind last year in the first seven weeks. Accommodation sales recovered to match last year's levels and increased by 55% compared to FY20. Midweek business and peak leisure demand remained strong, although weekend demand softened slightly, particularly in London.
• Share Buyback: The company purchased approx. 3.2 mn shares for a total value of GBP 96 mn, out of the total estimated purchase of GBP 150 mn.
• Outlook: The management is confident in the full-year outlook. In the UK, recent trading has been encouraging with a positive forward-booked position. The group is effectively executing the commercial program, and net inflation is now expected to be at the lower end of guidance due to increased cost efficiencies. The group is on track to break even on a run-rate basis during the FY24 calendar year, a significant milestone towards our long-term target of a 10-14% return on capital.

 Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Whitbread PLC (LSE: WTB) was trading at the current market price of GBX 2,956.000 (as of 25 June 2024, 10:40 AM GMT+1) 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 25 June 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.