Whitbread PLC
18 June 2002
Embargoed until 2pm, Tuesday, June 18
WHITBREAD PLC AGM TRADING STATEMENT
Whitbread PLC, the UK's leading leisure company, reported to today's Annual
General Meeting, that trading for the 14 weeks to June 8th, had been encouraging
and that the company is on track to achieve its key financial objective of
improving returns on the capital employed in the business.
Like for like sales growth for the 14 weeks to June 8th
Marriott (3.0)%
Travel Inn 6.3%
Beefeater 3.1%
Brewers Fayre 3.4%
*David Lloyd Leisure 7.9%
*13 weeks
David Thomas, the Chief Executive, commented:
'This is an encouraging start to the year.
'In Hotels, Travel Inn performed particularly well on both like for like sales
and total sales, which were well ahead of the same period last year. Marriott
continues to out-perform the four star hotel sector, containing the impact of
the decline in US visitors by successfully targeting the UK domestic tourism
market.
'All our UK restaurant brands experienced positive like for like sales growth
with the High Street brands enjoying strong conversion rates.
'David Lloyd Leisure has started the year well, achieving like for like sales
increases ahead of the market.
'Trading for the first quarter was slightly ahead of our expectations and
looking ahead the board remains confident in the growth prospects for the
business.'
Contact: Press: Jeremy Probert 020 7806 5443
Investor Relations: David Reed 020 7806 5437
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.