Stock Market News
Total sales rise 14.8 per cent in financial year to date at Whitbread
26-02-2013 07:20
| Add To Google +1 | Tweet |
Total sales rose 14.8 per cent in the 50 weeks to February 14th at hotel and restaurant group Whitbread.
In a trading statement issued on Tuesday, the group reported "double digit sales growth" and said it was on track to deliver full year results in line with expectations.
Like-for-like sales rose 3.7% across the whole group in the 50 weeks to February 14th with the biggest like-for-like increase being seen at Costa stores, where sales rose 6.6%.
In the 11 weeks to February 14th, total sales rose 16.9% across the whole group while like-for-like sales rose 2.7%.
Andy Harrison, the Chief Executive Officer of Whitbread, said: "For the financial year to date, Whitbread has again delivered outstanding organic growth in a flat consumer market, growing total sales by 14.8%.
"Our strong brands continue to win market share, supported by our highest ever guest satisfaction scores and rapid expansion of our network. Good like for like sales growth of 3.7% demonstrates the consumer appeal of our brands and also enables us to reinvest in our people and facilities and to grow our estate. We remain on track to deliver full year results in line with expectations."
MF
In a trading statement issued on Tuesday, the group reported "double digit sales growth" and said it was on track to deliver full year results in line with expectations.
Like-for-like sales rose 3.7% across the whole group in the 50 weeks to February 14th with the biggest like-for-like increase being seen at Costa stores, where sales rose 6.6%.
In the 11 weeks to February 14th, total sales rose 16.9% across the whole group while like-for-like sales rose 2.7%.
Andy Harrison, the Chief Executive Officer of Whitbread, said: "For the financial year to date, Whitbread has again delivered outstanding organic growth in a flat consumer market, growing total sales by 14.8%.
"Our strong brands continue to win market share, supported by our highest ever guest satisfaction scores and rapid expansion of our network. Good like for like sales growth of 3.7% demonstrates the consumer appeal of our brands and also enables us to reinvest in our people and facilities and to grow our estate. We remain on track to deliver full year results in line with expectations."
MF
| Related share prices |
|---|
| Whitbread (WTB) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price


Prices

