Whitbread started the year with Q1 results in line with expectations. Total sales grew +3.2% yoy, mainly driven by the new opened hotels over the last 12 months, along with the Costa new stores and Costa Express expansion. Lfl sales growth decreased 1.3%, mainly due to the continuing weak market conditions in the UK and strong comparables to this time last year. Management is confident of delivering FY figures in line with expectations.
27 Jun 2018
The expansion should support growth in the relatively weak market conditions
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The expansion should support growth in the relatively weak market conditions
Whitbread PLC (WTB:LON) | 3,334 0 0.0% | Mkt Cap: 6,151m
- Published:
27 Jun 2018 -
Author:
Jie Zhang -
Pages:
2
Whitbread started the year with Q1 results in line with expectations. Total sales grew +3.2% yoy, mainly driven by the new opened hotels over the last 12 months, along with the Costa new stores and Costa Express expansion. Lfl sales growth decreased 1.3%, mainly due to the continuing weak market conditions in the UK and strong comparables to this time last year. Management is confident of delivering FY figures in line with expectations.