Whitbread says like-for-like sales rose 4.2% in 2nd quarter due to Olympics
September 7, 2012, 12:19 am TWN
LONDON--British coffee shop, restaurant and hotel group Whitbread said like-for-like sales rose 4.2 percent in its second-quarter, helped by a modest boost to room rates from the London Olympics.
The company said total sales for the 11 weeks to Aug. 16 rose by 14.8 percent, with its rapidly expanding Costa Coffee shops up 25.3 percent and budget hotels chain Premier Inn up 13 percent.
“Our brands have outperformed in a tough economic climate, with like for like sales growth of 4.2 percent, and we have continued our network expansion at Costa and Premier Inn,” the company said on Thursday.