Whitbread PLC Reports First-Quarter Sales Decline

Whitbread PLC, a hotel and restaurant group operating in the UK, Germany and other markets has reported a decline in first-quarter sales. The company’s total revenue decreased by 4% compared to the same period last year.

Sales Performance by Region

• The UK market experienced a 5% decline in sales.
• On a like-for-like basis, sales in the UK decreased by 3%.
• In contrast, sales in Germany increased by 16% on a reported basis and 13% on a like-for-like basis.

Five-Year Plan Progress

Despite the decline in first-quarter sales, Whitbread PLC remains on track with its five-year plan.

Dividend Payout

The company has announced a dividend payout of 0.97 GBP per share, unchanged from last year.

Key Statistics

• Total sales: 4% decrease compared to the same period last year
• UK sales: 5% decrease
• UK like-for-like sales: 3% decrease
• German sales: 16% increase on a reported basis, 13% increase on a like-for-like basis