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Whitbread – why you should still not worry about a 75% H1 like-for-like revenue decline...

By Chris Bailey | Tuesday 22 September 2020

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Back in July I observed why worrying about an 80% like-for-like revenue decline at Premier Inn owner Whitbread (WTBwas not an investment-stopping concern for me. I even concluded that, buoyed by the monies raised from this year’s rights issue, ‘I retain my decent sized position and ceteris paribus would add more at around twenty quid’. We will come back to that latter observation later. But today’s first half trading update (for the six months to the end of August) does show a little improvement…

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