Whitbread PLC
15 January 2002
15 January 2002
Whitbread PLC
Christmas and New Year Trading
% increase in like-for-like sales for the period ended January 5, 2002
(January 6, 2001)
5 weeks 44 weeks
Marriott * 0.1 (0.4)
Travel Inn 3.8 3.7
Pub Restaurants 7.1 5.6
High Street Restaurants 8.0 3.4
Sports, Health & Fitness 10.8 16.1
Total 5.8 4.2
(* includes Swallow)
David Thomas, Chief Executive, said: 'Christmas is a key period for our
restaurant business so I'm particularly pleased by the strong trading in both
our pub restaurant brands and on the high street.
'Marriott has recovered well from the position immediately following September
11th, helped by the lesser dependence on American guests over the holiday.
Travel Inn maintained its year to-date like-for-like performance during
Christmas which is a quiet period for business travel.
'David Lloyd Leisure's like-for-like sales growth reflects the continuing
focus on new membership sales and continues in double digits despite an
exceptionally strong period last year.
'Total sales for continuing businesses were up 9.9% for the 44 weeks to
January 5, confirming that we are on track to meet expectations for the
current year. I am pleased with the progress being made in sales.
Management's focus remains very firmly on driving better returns from our
shareholders' assets.
'Following the successful restructuring of the company, Christmas trading has
become less critical to our annual results. Accordingly, this will be the
last trading statement specifically for this period. In future, we will
publish trading statements as usual with our Results and prior to each close
season starting in September, 2002. '
-end-
Contacts:-
David Reed 020 7806 5436
Jeremy Probert 020 7806 5443
Dan Waugh 020 7806 5442
*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.