- Whitbread’s half-year revenue reached GBP 1.57 billion, slightly below the estimate of GBP 1.58 billion.
- The adjusted pretax profit was GBP 340 million, slightly under the forecast of GBP 350.3 million.
- Adjusted operating profit totaled GBP 413 million.
- An interim dividend of 36.4p per share was announced.
- Capital expenditure for the period was GBP 199 million.
- Premier Inn UK had an occupancy rate of 83.1%, just below the expected 83.9%.
- Premier Inn Germany exceeded expectations with an occupancy rate of 68.3%, against an estimate of 67.3%.
- Adjusted Ebitdar came in at GBP 611 million, surpassing the estimate of GBP 600.7 million.
- UK revenue per available room was GBP 69.93, slightly under the estimate of GBP 70.33.
- Premier Inn UK’s comparable sales saw a decline of 2%, compared to an anticipated increase of 40.1%.
- UK food and beverage comparable sales fell by 3%.
- Premier Inn Germany reported 10,506 rooms, below the estimated 10,930 rooms.
- The UK had 85,920 rooms, exceeding the estimate of 85,777.
- Adjusted EPS was reported at 137.1p.
- Whitbread remains committed to significantly outperforming their pre-pandemic levels, despite a softer market compared to last year.
- The company has received 15 buy recommendations, 5 hold ratings, and 0 sell ratings from analysts.
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A look at Whitbread PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Whitbread PLC, a renowned hotel and restaurant group, has garnered a mixed bag of Smartkarma Smart Scores, indicating its long-term outlook. With a strong score of 5 in Growth, Whitbread PLC seems poised for expansion and development in the future. This suggests promising potential for the company’s future prosperity and market presence.
However, not all scores are as optimistic. With a score of 2 in Resilience, Whitbread PLC may face challenges in weathering unexpected market fluctuations or economic uncertainties. Despite this, the company maintains moderate scores in Value and Momentum, suggesting stability and steady performance going forward. Investors are advised to carefully consider these factors when evaluating Whitbread PLC for their portfolio.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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