ANALYST VIEWS: IS WHITBREAD ON A SUSTAINABLE GROWTH TRAIL?
NIGEL PARSON | EVOLUTION SECURITIES
We are trimming our forecasts to reflect a more cautious view of the UK economy ex-London but the stock remains good value. Whitbread’s strong value proposition remains relevant and the increasing roll-out will compensate for more muted like for like sales.
RICHARD HUNTER | HARGREAVES LANSDOWN
Total sales showed an impressive growth spurt, whilst within this Premier Inn was the beneficiary of a promising London market. Whilst concerns remain around the intensity of competition in the markets in which it operates, the company seems well placed to deliver on its growth plans. Buy.
SIMON FRENCH | PANMURE GORDON
The commentary suggests the Premier Inn and Costa performances are on a rising trend which should reassure the market. We will likely see a bounce in the shares today but remain cautious on UK regional hotel revpar [revenue per available room] trends and reiterate our Hold recommendation.