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Whitbread - All divisions going well

October 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • WTB
  • Price:
  • 2305p
ust two months after we tipped Whitbread a strong Q2 update helped the shares put on £2. The company reported total sales growth of 14.8% in the 11 weeks to 16 August, with Costa Coffee up 25.3% (like for like: 5.7%), Premier Inns 13% (like for like: 3.2%) and Restaurants 6.9% (like for like: 4.9%). For the first 24 weeks to 16 August Premier Inn grew sales 12.7% with like-for-like revenue per available room (revpar) up 2.3%, occupancy up 0.4% to 79.4% and rates rising 1.8% as it resisted the temptation to massively hike prices during the Olympics. Meanwhile, Costa, the continued subject of de-merger rumours, grew total sales 22% to £432m while the restaurants side, previously the most sluggish part, increased sale ...

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