Whitbread reported FY 17/18 preliminary results. Revenues were £3.3bn (+6.1% yoy) and the underlying operating profit came in at £622m (+5.0% yoy), both slightly above consensus expectations. The underlying profit before taxes has increased by 4.5% to £591m, fuelled by the operating profit growth of both Premier Inn and Costa. Outlook updated Based on the tough high street consumer environment, management expects profit growth will be lower in the near term than in the previ
25 Apr 2018
Costa should be demerged within 24 months
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Costa should be demerged within 24 months
Whitbread PLC (WTB:LON) | 3,322 1295.6 1.2% | Mkt Cap: 6,129m
- Published:
25 Apr 2018 -
Author:
Jie Zhang -
Pages:
3
Whitbread reported FY 17/18 preliminary results. Revenues were £3.3bn (+6.1% yoy) and the underlying operating profit came in at £622m (+5.0% yoy), both slightly above consensus expectations. The underlying profit before taxes has increased by 4.5% to £591m, fuelled by the operating profit growth of both Premier Inn and Costa. Outlook updated Based on the tough high street consumer environment, management expects profit growth will be lower in the near term than in the previ