Whitbread’s F&B brands report slow start to FY25
The group’s overall F&B offering was offset by softer trading in a number of its branded restaurants
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Whitbread, which operates Premier Inn and several F&B outlets, has revealed that food and beverage sales were 1% behind the same period in FY24 to 30 May 2024.
While the group experienced “strong” breakfast sales, which were driven by high occupancy in its hotels, Whitbread’s overall F&B offering was offset by softer trading in a number of its branded restaurants.
The group’s trading performance strengthened “as expected” during the quarter, as accommodation sales were in line with last year and up 55% on FY20.
Meanwhile, total RevPAR was 2% behind and 38% ahead of FY20.
According to the group, it is confident in its full-year outlook, as it is underpinned by “a strong commercial programme and good progress on cost efficiencies”.
Dominic Paul, CEO of Whitbread, said: “Our Accelerating Growth Plan to optimise F&B at a number of sites and add 3,500 rooms to our UK pipeline is on track and will increase our momentum to deliver long-term profitable growth.
“With significant potential in both the UK and Germany, supported by the structural reduction in supply and our asset-backed balance sheet, our strategic plans are set to deliver a step change in our performance.”
