Whitbread Q2 Sales Rise – Quick Facts

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Hotel and restaurant group Whitbread plc (WTB.L) Tuesday said its sales for the second quarter increased 11.1 percent, reflecting growth across its divisions, amid continued momentum in its Costa coffee chain.

In its trading statement for the 11 weeks to August 13, the company said total sales grew 11.1 percent for the second quarter, with a like-for-like sales growth of 3.3 percent.

In Hotels and Restaurants, total sales growth was 8.6 percent and like-for-like sales increased 3.2 percent.

The Costa coffee chain reported total sales growth of 16.2 percent and like-for-like sales improved of 4.0 percent.

The company said it had good second quarter trading and is on track for full year expectations as well as its ambitious growth milestones.

 

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