Whitbread is still seeing more demand and fewer real peers for its Premier Inn core business
By Chris Bailey | Tuesday 25 April 2023
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.
I am such a fanboy of Whitbread (WTB), the company most of us know today as the owner of Premier Inn hotels. A number of years back I made a really solid return, especially after Coca-Cola purchased Costa Coffee off it for a decent amount of cash. I sold most of my shares during that time period, but joined in its money raising during the early days of COVID-19 as it sought to ensure Premier Inn focused business was going to be able to keep growing, not just in this country but also in Germany where it sees material future prospects. And that brings us to today’s “FY23” numbers.
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