10th Dec 2015 07:20
LONDON (Alliance News) - Whitbread PLC on Thursday said its total and like-for-like sales grew in the third quarter, albeit at a slightly slower pace than in the first half, with good performances from its core hotels and coffee chain businesses.
The FTSE 100-listed owner of Premier Inn hotels and the Costa Coffee chain, said its total sales grew 10.4% in the 13 weeks to November 26, its financial third quarter, with like-for-like sales growing 3.5%. For the 39 weeks to the same date, total sales were up 11.1%, while like-for-like sales grew 3.6%.
Premier Inn continued to perform well, with total sales up 11% in the third quarter and like-for-like sales rising 4.7%, while Costa delivered 14% total sales growth and 2.5% like-for-like growth. Premier Inn was helped by a rise in rooms available, with robust sales growth both in London and its regional operations, while Costa continued to benefit from new outlets in the UK and its increasing international presence.
"Whitbread has had another good quarter and, for the year to date, we have delivered total sales growth of 11.1% and like for like sales growth of 3.6%. Our brands continue to win market share and we are on track to deliver full-year results in line with market expectations," said Alison Brittain, Whitbread's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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