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LFL growth accelerates at Whitbread
Wed, 08 Feb, 2012
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LFL growth accelerates at Whitbread
Tue, 7 Sep 2010, 06:18:00
Costa Coffee and Premier Inns owner <b>Whitbread</b> has seen an acceleration in the growth of like for like sales since June. Year on year like for like (LFL) sales growth for the group as a whole in the 24 weeks to 19 August was 7.9%, up from 7.6% in the 13 weeks to 3 June. LFL sales growth at Costa Coffee has eased off, however, to 8.3% from 8.5%. Premier Inn's LFL growth has quickened to 10.7% from 10.5%, while the pub restaurants business's LFL growth has improved from 3.6% to 3.9%. Total group sales were up 14% on a year earlier. Revenue per available room (RevPAR) in the Premier Inn chain was up 9.8% year on year, reflecting both market growth and a continued improvement in market share. That's an improvement from 9.1% year on year growth in the 13 weeks to 3 June. Like for like occupancy for the 24 weeks continued its recovery to 79.2%, versus 75.7% in the second quarter of 2010. "This strong performance across Whitbread is the result of our strategy to increase market share through organic expansion and driving like for like sales," the company said. Management pledged to continue to make progress in this "age of austerity" by "relentlessly focusing on meeting the needs of our customers." "We remain confident about the outturn for the year, despite facing tougher comparatives in the second half," the company said.
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