Whitbread PLC (OTCPK:WTBDY)
$ 9.05 0.1 (1.12%) Market Cap: 6.35 Bil Enterprise Value: 12.11 Bil PE Ratio: 21.00 PB Ratio: 1.46 GF Score: 78/100
Back to the Transcripts List

Q1 2024 Whitbread PLC Trading Statement Call Transcript

Jun 22, 2023 / 07:00AM GMT
Release Date Price: $10.83 (-1.72%)
Dominic J. Paul
Whitbread plc - CEO & Director

Thank you very much for joining the call today for the Q1 trading update. I am joined by Hemant Patel, our Group CFO. Hopefully, you've had a chance to review the Q1 release this morning. I'll start with a brief overview for those who haven't seen it before opening up the call for Q&A, where Hemant and I will be happy to answer your questions.

During this first quarter, which ran to the 1st of June, we continued to trade strongly in the U.K. and have again delivered a fantastic set of results with RevPAR up plus 16% versus last year and plus 40% versus full year 2020. We also maintained a healthy GBP 6 RevPAR premium versus the rest of the midscale and economy market. Food and beverage sales in the quarter were 10% ahead of last year, reflecting a number of the commercial initiatives we put in place in the second half of last year. And turning to Germany, we continue to make good progress and have 56 hotels now open with a further 32 in the committed pipeline.

Our trading in the quarter was robust with total estate RevPAR of EUR 55

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.