Whitbread PLC tumbles after the release of trading updates

 

  • The group’s total sales improved by 1% on a YoY basis, led by decent F&B performance. However, UK Accommodation sales declined marginally during the year under consideration on account of challenging market condition in the regions. The group extended its capacity expansion in the UK while achieving higher occupancy of more than 80%.
  • However, the modest performance of the group weighed on its stocks, as it tumbled approximately 233.0 points or 4.8% to GBX 4,604 .0 and during the day trading session, it registered an intraday high of GBX 4,671 and a low of GBX 4,493.0, (before the market close at 03:30 PM GMT).