Whitbread PLC (OTCPK:WTBCF)
$ 37.244 0 (0%) Market Cap: 6.52 Bil Enterprise Value: 12.21 Bil PE Ratio: 21.83 PB Ratio: 1.50 GF Score: 79/100
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Q1 2021 Whitbread PLC Trading Statement Call Transcript

Jun 17, 2021 / 07:00AM GMT
Release Date Price: $47.15 (+0.53%)
Operator

Ladies and gentlemen, welcome to the Whitbread Q1 Analyst Call Q&A Session. My name is Nadia, and I will be coordinating the call today. (Operator Instructions)

I will now hand over to your host, Alison Brittain, CEO of Whitbread to begin. So Alison, please go ahead.

Alison J. Brittain
Whitbread plc - Chief Executive & Executive Director

Thank you. Good morning, everyone, and thank you for joining the call for our Q1 trading update. I'll just start with a very brief overview of today's announcement, and then we'll go straight into Q&A. During the quarter, we traded significantly ahead of the market in the U.K. despite the government restrictions that were in place for almost all of the quarter.

Our total U.K. accommodation sales were 11 percentage points ahead of the mid-scale and economy market. But as expected, and as a result of the ongoing government restrictions, total U.K. accommodation sales were down over 60% with food and beverage around 86% down versus quarter 1 2019, that's the last year of trading before the pandemic.

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