Half Year 2026 Whitbread PLC Earnings Call Transcript

Oct 16, 2025 / 07:00 AM GMT

Release Date Price: $45.57

Transcript

Key Points

Positve

Whitbread PLC (WTBCF) maintained its outperformance versus the UK market in the first half, driven by a strong guest proposition and ongoing commercial program.
The company is making significant progress in Germany, with a 7% growth in accommodation sales and a reduced loss of 3 million pounds.
Whitbread PLC (WTBCF) is on track to deliver 70 million pounds of profit before tax in Germany by full year 2030.
The company generated significant free cash flow, funding investments and returning 182 million pounds to shareholders.
Whitbread PLC (WTBCF) is executing its accelerating growth plan, with plans to open 1,000 to 1,200 new rooms in the UK and 400 new rooms in Germany this year.

Negative

Despite progress, Whitbread PLC (WTBCF) faced reduced food and beverage revenues due to its accelerating growth plan.
Higher than expected gross inflation impacted the company's financial performance, although mitigated by cost savings.
Adjusted EBITDA was down 2% to 0.6 billion pounds due to slightly lower revenues.
The company's adjusted profit before tax in the UK reduced by 7% to 331 million pounds.
Whitbread PLC (WTBCF) moderated its profit before tax guidance in Germany due to softer than expected market demand in the second quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WTB.L - Whitbread PLC
Half Year 2026 Whitbread PLC Earnings Call
Oct 16, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone. I'm Dominic Paul, Group CEO, and I'd like to welcome you to Whitbread's 2026 interim results presentation.

Today's presentation will take place by remote webcast, followed by a live Q&A session at 9:15 a.m. UK time when Heman Patel, our group CFO, and I will be happy to answer your questions.

Details of how to join the call can be found on the website.

I'm going to start by taking through the excellent progress we have made during the first half and provide a summary of our results.

I'll then hand over to Hemmond, who will take you through our results in detail. I'll then come back to cover the strategic initiatives which ladder up to our five-year plan.

But first, I

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