UK's Whitbread FY26 revenue slightly beats estimates on accommodation growth

Whitbread

30/04/2026 07:12

Overview

UK hotel group's FY26 revenue was flat, slightly beating analyst expectations

Adjusted pretax profit for FY26 beat analyst expectations

Company completed £250 mln share buyback and announced extension of Accelerating Growth Plan

Outlook

Whitbread expects FY27 UK gross inflation at the top end of 6.5%-7.5% range

Company sees FY27 UK F&B sales falling by £140 mln-£160 mln due to AGP extension

Result Drivers

ACCOMMODATION SALES GROWTH - Group revenue was supported by increased accommodation sales in the UK and Germany, with Premier Inn UK outperforming the market and Germany achieving its first annual profit

F&B SALES DECLINE - Lower food and beverage sales, due to the transition of branded restaurants under the Accelerating Growth Plan, offset accommodation growth

COST EFFICIENCIES - Higher-than-expected cost savings of £83m helped offset inflationary pressures and supported profit margins

Company press release: ID:nRSd4765Ca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Beat*
GBP 2.92 bln
GBP 2.90 bln (19 Analysts)
FY Net Income
GBP 213 mln
FY Adjusted Pretax Profit
Beat
GBP 483 mln
GBP 475.26 mln (18 Analysts)
FY Dividend
GBP 0.97
FY Pretax Profit
GBP 298 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 8 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy."

Wall Street's median 12-month price target for Whitbread PLC is GBp2,815.00, about 18% above its April 29 closing price of GBp2,385.00

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)