Whitbread PLC

Whitbread Plc engages in the operation of a chain of hotels, restaurants, and coffee shops. The firm's brands include Premier Inn, Beefeater, Brewers Fayre, Table Table, Bar + Block Steakhouse, Cookhouse and Pub, and Thyme. It operates through the following segments: UK and Ireland, Germany, and Central and Other. The company was founded by Samuel Whitbread on December 11, 1742 and is headquartered in Dunstable, the United Kingdom.

Whitbread's hotel chain Premier Inn has been rapped by the advertising watchdog after complaints over a promotion that offered rooms for £35. An online ad from November said rooms at an Edinburgh Premier Inn were available at £35 per night, but evidence supplied by Whitbread to the ASA showed only 377 rooms were at that price over a whole year.

Whitbread's Premier Inn rapped over 'misleading' ad

Whitbread plc (OTCPK:WTBCF) Q4 2024 Earnings Conference Call (Q&A) April 30, 2024 4:15 AM ET Company Participants Dominic Paul - Chief Executive Officer Hemant Patel - Chief Financial Officer Conference Call Participants Vicki Stern - Barclays Jamie Rollo - Morgan Stanley Leo Carrington - Citigroup Alex Brignall - Redburn Atlantic Richard Clarke - Bernstein Tim Barrett - Deutsche Numis Ivor Jones - Peel Hunt Estelle Weingrod - JPMorgan Jarrod Castle - UBS Operator Good morning, everyone, and welcome to the Whitbread Full Year Results Call Q&A session. My name is Chach, and I'll be coordinating your call today.

Whitbread plc (WTBCF) Q4 2024 Earnings Call Transcript (Q&A)

Premier Inn owner Whitbread announced plans to exit 126 under-performing branded restaurants on Tuesday, resulting in a reduction of about 4%, or 1,500 roles, in its UK workforce.

Premier Inn owner Whitbread to cut 1,500 UK roles, exit some restaurants

Premier Inn owner Whitbread PLC (LSE:WTB) said it would be cutting 1,500 jobs and shutting sites as part of an overhaul of its food and drinks business, a trading update revealed on Tuesday. Sales and profits at the hospitality group jumped by double digits year-on-year in the 2024 financial, however, the group's restaurant business, which includes chains like Brewers Fayre and Beefeater, has been struggling.

Whitbread cuts thousands of jobs in overhaul of restaurant business

ABB Ltd

General Motors

Alphabet

Hilton Worldwide Holdings

Marriott

When I meet fund managers in the U.S., we often talk about European equity markets. Everyone agrees that European stocks are attractively valued, but in one form or another, many fund managers ask: “If these stocks are so cheap, why aren't companies buying back their shares?

European companies are finally buying back their stock, opening up opportunities

Jefferies has issued a 'buy' recommendation for Whitbread PLC (LSE:WTB) with a price target of £42, indicating a potential upside of 31% from its current price of £32.12. This optimistic outlook is grounded on Whitbread's recent performance and prospects, especially considering the Smith Travel Research (STR) data for February, which showed mixed results for the mid-scale hotel market in company's key markets - the UK and Germany.

Whitbread has plenty of upside, says American investment bank

Shore Capital Markets has maintained a generally positive outlook on Premier Inn parent Whitbread PLC (LSE:WTB) despite recent underperformance and projections of a downturn in RevPAR (Revenue Per Available Room). Analysts said Whitbread's financial forecasts suggest a trajectory of growth, with anticipated improvements in revenue, EBITDA, and adjusted profit before tax over the next few years.

Premier Inn owner Whitbread's headwinds priced in - analyst

Premier Inn owner Whitbread PLC (LSE:WTB) can be a “recession winner” according to analysts at Jefferies which has a ‘Buy' rating for the hospitality stock. The broker, in a note, highlighted Whitbread's strategic focus on expansion and optimisation, with an eye on enhancing returns and deepening its economic ‘moat', particularly in the UK and Germany.

Premier Inn owner Whitbread is a winning stock for recession - broker

FTSE 100-listed owner of Premier Inn Whitbread PLC (LSE:WTB) copped an upgrade after exhibiting robust performance in its third quarter, as highlighted in a recent broker note from Liberum. Premier Inn significantly outperformed the competition with its fully integrated model, said analysts, as evidenced by the 9% year-over-year increase in revenues per available room.

Premier Inn owner Whitbread outpacing the competition - analyst

Whitbread PLC (LSE:WTB) held full-year guidance as robust demand for hotels supporting occupancy and pricing in the third quarter.  For the 13 weeks to November 30, Whitbread said Premier Inn UK sales rose 11% with strong demand in both London and the regions.

Whitbread says robust demand supports occupancy and pricing

Premier Inn owner Whitbread PLC (LSE:WTB) could grace investors with upgrades in next Thursday, 11 January's update, according to Peel Hunt analysts. “As demand remains high and cost inflation is abating,” analysts wrote in a note, “we believe there is scope for upgrades”.

Whitbread offers ‘scope for upgrades' - broker

Whitbread PLC (LSE:WTB) and Mitchells & Butlers PLC (LSE:MAB) have been highlighted out as top picks in what Liberum analysts describe as a widely-undervalued leisure sector. “The sector outlook is more stable than it has been for several years, which we believe should prompt a rerating in 2024,” Liberum said in a note.

Whitbread, Mitchells & Butlers among undervalued leisure stocks - analyst

BT Group

A labour shortage is holding back economic growth and contributing to inflation, according to an economic think tank.

BT, Kingfisher, Whitbread and more: brokers today

Jefferies has elevated Whitbread PLC (LSE:WTB) to a 'buy' rating with a target of £44 per share, signaling a robust 32% potential increase from its current price. This optimistic projection is driven by Whitbread's impressive pricing strategy in the UK, outpacing inflation, and its growth potential of the budget hotel operation in Germany, despite recent challenges in the market.

Is Whitbread stock undervalued? This bank seems to think so

Whitbread plc (OTCPK:WTBCF) Q2 2024 Earnings Conference Call October 18, 2023 3:00 AM ET Company Participants Dominic Paul - Chief Executive Officer Hemant Patel - Chief Financial Officer Conference Call Participants Dominic Paul Good morning, everyone. I'm Dominic Paul and I'd like to welcome you to Whitbread's Interim Results Presentation.

Whitbread plc (WTBCF) Q2 2024 Earnings Call Transcript

Whitbread PLC (LSE:WTB) impressed at its interims and the results have gone down well in the City with shares top of the FTSE 100 risers, up 2.5%. Jefferies said the results were “strong” with sales a 1.4% beat and adjusted pre-tax profit a 14.5% beat against consensus.

Whitbread results pave way for further upgrades, says City analysts

Whitbread PLC (LSE:WTB) boosted the dividend 40% as it reported strong demand lifted revenue and profits. The owner of Premier Inn also launched a new £300 million share buy-back as it expressed confidence in its hopes for 2024 and beyond.

Whitbread lifts dividend by 40% as profit and revenue jumps

Whitbread PLC (LSE:WTB) attracted positive comment from Citi and Barclays helping push shares 1.2% higher at 3,673p, taking its increase year-to-date to 37%. Citi increased its price target to 4,500p from 4,000p after hosting Whitbread's head of investor relations at its growth conference.

Whitbread expects strong demand despite tough UK backdrop - Citi

Flutter Entertainment PLC

Morgan Stanley (NYSE:MS) has highlighted its top picks in the leisure sector following a review of data trends over the Summer. The UK-listed stocks it favours are Whitbread, Flutter, Compass, SSP and Wizz Air.

Whitbread and Flutter the UK leisure standouts - Morgan Stanley

Whitbread PLC (LSE:WTB) profits will grow year-on-year as it gains new market share with the number of industry players continuing to shrink, a research note by Berenberg said. The private bank thinks the Premier Inn owner can consolidate its position as the UK's leading midscale and economy hotel operator because of its strong pipeline in Britain and Germany.

Whitbread picking up market share as independents dwindle – analyst

Whitbread is trouncing the opposition in the hotel business currently according to analysts at Peel Hunt. Following a strong first quarter trading update from the Premier Inn owner, the broker is upgrading its full year forecast by 23%  to £522mln.

Whitbread benefiting from widening quality gap at Premier Inns

Mitchells & Butlers PLC (LSE:MAB), the hospitality operator, has played down the likelihood of it acquiring Whitbread PLC's (LSE:WTB) pub and restaurant chains. Earlier this month, the Premier Inn owner was reportedly considering a sale of its non-core brands which include Brewers Fayre and Beefeater.

Mitchells and Butlers 'not interested' in Whitbread brands - report

Strong UK trading and continued recovery in Germany meant the budget hotelier enjoyed strong revenues growth in the last quarter.

Whitbread Announces “Outstanding” Trading At Premier Inn As Group Sales Rise 19%

Premier Inn owner Whitbread said it is positive in its full-year outlook as the hotel chain operator reports an uptick in first-quarter sales. Total sales were up 19% in the first quarter to 1 June, and up 15% on a like-for-like basis, according to a statement.

Premier Inn owner Whitbread upbeat on outlook as sales grow

Whitbread PLC (LSE:WTB), the owner of brands such as Brewers Fayre and Beefeater, has listed for sale 250 of its pubs/restaurants for £600mln, a report from the Times revealed. Bids will be limited to established pub operators only.

News for Whitbread PLC Stock (WTBDY)