Tuesday, 29 April 2014

Company reports another year of double digit growth

Otmane El Rhazi, Tuesday, April 29: Whitbread (LON:WTB) has reported another year of double digit growth in revenue, profits and dividend, following a strong performance from its Costa Coffee and Premier Inn brands.

The UK’s largest hotel and coffee chain operator revealed in a preliminary earnings release today that its total revenue had climbed 13 percent to £2.29 billion in the fiscal year to 27 February 2014, while like for like sales had risen 4.2 percent in the period. Whitbread’s underlying pre-tax profit came in at £411.8 million, a 16.5 percent increase on the year.

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