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United States

Whitbread PLC (WTB.L)

WTB.L on London Stock Exchange

3,602.00GBp
23 Nov 2017
Change (% chg)

30.00 (+0.84%)
Prev Close
3,572.00
Open
3,574.00
Day's High
3,606.00
Day's Low
3,560.00
Volume
397,070
Avg. Vol
659,417
52-wk High
4,333.00
52-wk Low
3,365.00

Latest Key Developments (Source: Significant Developments)

Whitbread says H1 revenue at 1.67 bln stg vs 1.55 bln stg yr ago
Tuesday, 24 Oct 2017 02:16am EDT 

Oct 24 (Reuters) - Whitbread Plc ::INTERIM DIVIDEND 31.4 PENCEPER SHARE.H1 REVENUE AT 1.67 BILLION STG VERSUS 1.55 BILLION STG YEAR AGO.H1 ‍STRONG BALANCE SHEET WITH NET DEBT REDUCED TO £852 MILLION​.H1 ‍PREMIER INN UNDERLYING OPERATING PROFIT GROWTH TO £295 MILLION, COSTA CONSTANT AT £65 MILLION​.H1 ‍UNDERLYING PROFIT BEFORE TAX AT £328M VERSUS £307M, UP 6.7%​.H1 ‍UNDERLYING OPERATING PROFIT AT £342M VERSUS £320M, UP 7.1%​.‍FY18 OUTLOOK NO OVERALL CHANGE TO GROUP EXPECTATIONS​."‍PREMIER INN IS ON TRACK TO HAVE 85,000 ROOMS BY 2020 FROM 70,120 ROOMS AT END OF HALF"​.‍EXPECT TO MEET EXPECTATIONS FOR FULL YEAR​.‍NOW COMPLETED EXIT OF ALL NON-CORE INTERNATIONAL OPERATIONS FOR BOTH PREMIER INN AND COSTA​.WHITBREAD - ‍COSTA REMAINS ON TRACK TO DELIVER 230-250 NEW STORES AND APPROXIMATELY 1,200 NEW COSTA EXPRESS MACHINES IN FULL YEAR​.‍NEW HOTELS WITHIN UK ARE EXPECTED TO CONTRIBUTE APPROXIMATELY 5-6% TO TOTAL SALES GROWTH FOR FULL YEAR​.‍PREMIER INN IN FIRST HALF HAD REVENUE INCREASING 6.4% TO 1.052 BILLION STG​.  Full Article

Whitbread says Q1 like for like total sales up 2.9 pct
Wednesday, 21 Jun 2017 02:00am EDT 

June 21 (Reuters) - Whitbread Plc ::Q1 sales growth of 7.6 pct, in line with our expectations.Q1 like for like total sales up 2.9 pct.Q1 total sales up 7.6 pct .Q1 costa sales up 8.7 pct .Q1 costa LFL sales up 1.1 pct.Remain on track to open c.4,200 hotel rooms, 230-250 costa coffee shops and install c.1,250 costa express machines this year.Q1 premier inn like for like sales up 4.7 pct.Q1 premier inn total sales up 9.2 pct.Expect proceeds of around 100-150 mln stg from sale and leaseback transactions this year.In costa, seeing good progress in china with positive like for like sales growth.  Full Article

Whitbread says full-year underlying profit before tax up 6.2 pct
Tuesday, 25 Apr 2017 02:08am EDT 

April 25 (Reuters) - Whitbread Plc ::Costa opened 255 net new stores worldwide and we continue to roll out our successful and fast growing costa travel formats..Costa express had a great year installing over 1,500 machines of which 248 were in international markets.Fy total revenue 3,106 billion stg versus 2,921 billion stg year ago.Fy costa's underlying operating profit was up 5.3 pct to £158.0 million, with total sales growth of 10.7 pct..Fy underlying profit before tax 565 million stg versus 546 pctmillion stg year ago.Recommends a final dividend of 65.90 pence per share, making a total dividend for year of 95.80 pence per share, an increase of 6.0 pct..Fy costa underlying operating profit 158 million stg versus 153 million stg year ago.We now have four hub hotels open in london and one in edinburgh, with a committed pipeline of 11 hotels over next three years.Full year dividend 95.8 pence versus 90.35 pence year ago.  Full Article

Whitbread says Q3 total sales growth of 8.6 pct
Thursday, 26 Jan 2017 02:32am EST 

Whitbread Plc : Good total sales growth of 8.6 pct for q3 . On track to deliver full year results in line with expectations . In quarter our brands continued to win market share growing total sales by 8.6 pct and like for like sales by 1.7 pct . Trading since end of quarter is such that we expect to deliver full year results in line with expectations. . We have opened 15 hotels in uk since start of year, increasing number of rooms available by 9.7 pct . Like for like sales grew by 1.8 pct benefitting from our hotel extension programme which, as expected, diluted our like for like revpar, which was down 1.3 pct. . In quarter, costa delivered total sales growth of 12.5 pct and good like for like sales growth of 4.3 pct . This performance was supported by its new advertising and promotional campaigns and benefitted from timing of quarter end, which included a strong start to christmas period . For comparable period, to 26 november, excluding this timing benefit, costa's like for like sales growth was 2.9 pct .3 . Year to date we opened 186 net new stores worldwide and installed 1,266 costa express machines .We now expect to install at least 1,500 new costa express machines this financial year..  Full Article

Whitbread sees about 150 mln stg cumulative cost efficiencies over next five years
Tuesday, 29 Nov 2016 07:00am EST 

Whitbread Plc : We will outline our investment in business and provide examples of our cost efficiency programme . Efficiency programme, along with our organic growth, will help mitigate ongoing known sector headwinds, including national living wage, business rates and foreign exchange .Expect to deliver around £150m cumulative cost efficiencies over next five years.  Full Article

Whitbread says to exit Premier Inn ops in India and South East Asia
Wednesday, 13 Jul 2016 09:02am EDT 

Whitbread Plc : Expansion plans for Premier Inn in UK remain unaltered . Premier Inn will focus international strategy on continuing to grow its businesses in Germany and in Middle East . Costa's UK and international growth plans are not affected by today's announcement . Impact of cost associated with withdrawal from South East Asia is not considered material .Premier Inn will commence a phased withdrawal from its operations in India and South East Asia.  Full Article

Whitbread sells, leases back 389-room hub in London
Thursday, 7 Jul 2016 02:00am EDT 

Whitbread Plc :Announces sale and leaseback of its 389-room hub by Premier Inn Hotel in Kings Cross, London.  Full Article

Whitbread confident of making good progress this year
Tuesday, 21 Jun 2016 02:00am EDT 

Whitbread Plc : Delivered total sales growth of 8.0% in q1 . Costa has started year well and premier inn continues to win share, albeit in a weaker than expected hotel market . Industry data has continued to show a soft hotel market in uk, particularly in london . During quarter premier inn grew total sales by 8.0% and like for like sales by 2.1% . Against a strong comparator premier inn like for like revpar declined by 0.5% and total revpar declined by 1.2% . Costa grew total sales by 11.5% with uk retail like for like sales growth recovering to 2.6% .With benefit of our cost efficiency programme we remain confident of making good progress for full year.  Full Article

UPDATE 1-Britain's FTSE steadies as Whitbread wobbles

* Carillion jumps on credit deal (Adds details, closing prices)