WHITEBREAD PLC
9 September 1999
WHITBREAD TRADING STATEMENT
David Thomas, Chief Executive, said:
'Since the start of the financial year trading has been in line with our
expectations.
'The Whitbread Beer Company once again increased turnover with a further
strong performance from Stella Artois. Whitbread Pub Partnerships has
demonstrated the value of a well run leased pub company by continuing to grow
profit per pub. Whitbread Inns again grew sales per pub. Inns like-for-like
sales are still negative but on an improving trend.
'Restaurants, in common with other retailers, continue to feel the effects of
lower consumer expenditure. In May we said it would take some time before
returning consumer confidence was reflected in greater spending and that is
proving the case. Costa Coffee, however, is seeing strong like-for-like
growth.
'In hotels, the Marriott and Travel Inn brands are continuing to show improved
yields per room and both enjoy a premium to their respective markets.
Like-for-like sales in David Lloyd Leisure's mature clubs continue to be
positive.
'I remain confident about the competitive position of our brands although, as
yet, we are receiving little help from an improvement in market conditions.'
For further information please contact:
For City
David Reed 0171 615 1324
Chris Wilkins 0171 615 1066
Harriet Brodrick 0171 615 1297
For media
Lesly Hughes 0171 615 1059
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