Whitbread trading weakens amidst challenging market
Whitbread PLC (LSE:WTB) reported weaker trading in recent weeks as it turned in numbers for the first quarter to end-May. In the UK, its Premier Inn hotel chain saw total accommodation sales in the first quarter fall 2% on last year, while revenue per available room (revPAR) was down 2%.
Whitbread declines in UK hotel sector may not be as bad as expected
Ahead of Whitbread PLC's (LSE:WTB) first-quarter update on Thursday, analysts were tweaking their expectations for the Premier Inn owner. The Jefferies leisure and hotels team noted that the latest Smith Travel Research data for the UK economy and German economy & midscale segment indicates better performance versus company reporting.
Whitbread preview: investors look for signs of resilience after sluggish start
Whitbread PLC (LSE:WTB) will update the market on Thursday 19 June with first-quarter numbers that will be scrutinised for further signs of trading stabilisation and margin discipline following what was widely seen as a mixed set of full-year results last month. In early May, the Premier Inn owner reported a 14% fall in adjusted pre-tax profit, slightly below expectations, as revenue per available room (revPAR) fell 2%.
Whitbread chairman Adam Crozier steps down
Whitbread PLC (LSE:WTB) chairman Adam Crozier will be replaced in September after seven years in the role, with former Capgemini boss and current Severn Trent chair Christine Hodgson taking his seat. Crozier, the former ITV, Royal Mail and FA CEO, will retire from the board on 1 September, the Premier Inn parent company said in a statement, having joined in 2017 and overseen the sale of its Costa Coffee chain for £3.9 billion to become wholly focused on its budget hotels and gastropubs.
Whitbread shares climb on cautious optimism and buyback boost
It wasn't quite a clean sweep, but the market has taken a glass-half-full view of Whitbread PLC's (LSE:WTB) latest results. Shares in the Premier Inn owner jumped 4% in early trading as investors responded positively to signs that trading isn't quite as soft as feared and to news of a further £250 million share buyback.
Whitbread: A Bargain Hunter's Dream
The Whitbread share price has dropped 20% over the past year on the back of challenging comps, cautious consumer spending, and disinflation, not helped by a rather soft Q3 update. Through its Accelerating Growth Plan, Whitbread is converting underperforming F&B sites into higher-profit hotel rooms, leveraging its real estate to meet lacklustre hotel room supply in the UK. Germany's rapid growth should allow it to achieve profitability next year, and push the group closer towards its £300 million incremental PBT goal by FY30, with £2 billion in shareholder returns.
Whitbread: The Story Of Beer, Pubs, And Hotels
Whitbread has shifted focus from restaurants to hotel operations, especially Premier Inn, and is expanding in London and Germany due to falling UK F&B sales. Despite a 10.58% YoY EBITDA decline, Whitbread's solid cash flow and low debt ratio provide financial stability, even as it divests underperforming assets. Whitbread's stock is fairly valued at $34, with a P/E of 17.27x and a P/S of 1.69, aligning with industry standards.
Whitbread could have room for an extra buyback, says broker
Premier Inn owner Whitbread PLC (LSE:WTB) was under the spotlight for a couple of analysts after its shares fell around 10% since a trading update in mid-January that revealed improved UK revenues per available room (revpar). Although recent weekly industry data remains volatile and headlines abound over the possible impact of the autumn Budget, analysts at Shore Capital said they "suspect that underlying trends are broadly unchanged" and took the opportunity to highlight what they see as an undervalued share.
Whitbread plc (WTBCF) Q3 2025 Earnings Call Transcript
Whitbread plc (OTCPK:WTBCF) Q3 2025 Results Conference Call January 16, 2025 3:15 AM ET
Whitbread needs to demonstrate all round progress in update, say brokers
Premier Inn owner Whitbread PLC (LSE:WTB) needs to demonstrate progress in three areas in next week's update, says UBS. These are: Revenue per room (RevPAR) resilience in the UK; confirmation of break-even in Germany on a run-rate basis in the second half of the year and execution of the conversion of 112 branded restaurants into new rooms and disposal of another 126 branded loss-making restaurants over the next two years.
Whitbread stays on German bank's buy list despite Budget hit
Whitbread PLC (LSE:WTB) is facing a big hit from the changes to National Insurance and the minimum wage unveiled in the Budget, but Berenberg is still upbeat on the medium-term prospects for the Premium Inn owner. Due to the impact of the UK budget on costs and to reflect the current trading environment implied by Travelodge's third-quarter update, the broker has tweaked its price target lower to £39 from £40.
Whitbread dips as Budget cost fears prompt Barclays downgrade
Premier Inn owner Whitbread PLC (LSE:WTB) faced a downgrade by Barclays analysts on Friday, prompting shares to fall. Warning of consensus downgrades due to higher costs on the back of last month's Budget, Barclays bumped Whitbread's rating from ‘overweight' to ‘equal weight'.
