3rd Mar 2016 07:30
LONDON (Alliance News) - Whitbread PLC on Thursday reported growth in sales in both the 11 weeks and 50 weeks to February 11.
The hotel and coffee shop owner said total sales in the 11-period grew 7.7%, while like-for-like sales increased by 1.7%. In the 50 weeks to the same date, total sales were up 10% as like-for-likes rose by 3.2%.
By division, total Premier Inn sales grew by 7.3% in the 11 weeks and 11% in the 50 weeks, while growing 2.2% on a like-for-like basis in the 11 weeks and 4.4% in the 50 weeks. Whitbread said the hotel chain benefited from higher returns from its new and refurbished hotels.
Coffee chain Costa saw total sales increase by 11% in the 11 weeks and 14% in the 50 weeks, with like-for-likes up by 0.5% in the 11 weeks and by 3.0% in the 50 weeks. Whitbread said like-for-like sales in the 11 weeks were lower due to a decrease in footfall and an unusually warm winter.
Whitbread said it expects to report full-year profit in line with expectations.
"In the year ahead, as we build towards our growth milestones, we will continue to invest in improving our customer propositions, our digital and IT capabilities and in our winning teams to ensure we maintain our market leading positions. This will deliver long term profitable growth and sustainable returns for our shareholders," Chief Executive Alison Brittain said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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