LONDON (Dow Jones)--Hotel and restaurant chain Whitbread PLC (WTB.LN) said Tuesday it's confident of its full year performance, but the strong sales growth in the first half is unlikely to continue in the rest of the financial year.
"It's unrealistic to expect the rates of growth seen in the first half to repeat themselves," said Finance Director Chris Rogers on a conference call with reporters, "I would expect a lower rate of growth."
The operator of Premier Inn hotels and the Costa Coffee chain said that sales in the 24 weeks to Aug. 19 grew 14%. Stripping out the opening of new outlets, sales in the U.K. were up 7.9%--a slight acceleration from the 7.6% growth reported in the first quarter.
Read More:
0 comments:
Post a Comment