Whitbread plc (WTBCF) Q4 2025 Earnings Call Transcript

2025-05-02 10:14:27 ET

Whitbread plc (WTBCF)

Q4 2025 Earnings Conference Call

May 1, 2025, 3:00 AM ET

Company Participants

Dominic Paul - Chief Executive

Hemant Patel - Group Chief Financial Officer

Conference Call Participants

Jamie Rollo - Morgan Stanley

Leo Carrington - Citi

Richard Clarke - Bernstein

Jarrod Castle - UBS

Alex Brignall - Redburn Atlantic

Estelle Weingrod - JPMorgan

Tim Barrett - Deutsche Bank

Joe Thomas - HSBC

Jaina Mistry - Jefferies

Presentation

Operator

Hello, everyone. And thank you for joining the Whitbread Full Year 2025 Preliminary Results Live Q&A Conference Call. My name is Sammy, and I’ll be coordinating your call today. [Operator Instructions]

I will now hand over to your host Dominic Paul, Chief Executive to begin. Please go ahead Dominic.

Dominic Paul

Thank you Sammy. Good morning everyone and thank you for joining myself and Hemant Patel, our Group CFO for our full year results call. Hopefully you’ve been able to go through our release and had a chance to listen to our results presentation this morning. Before we open up the call for Q&A I thought I’d pull out just a few key points.

Starting with our full year 2025 results, excuse me, as you all know from the published data market demand has been slightly softer in the U.K. However, with the benefit of new room growth and our strong commercial program our accommodation sales are flat year-on-year and we outperformed the mid-scale and economy market.

Food and beverage revenues declined in line with our previous guidance due to our accelerating growth plan as we optimize our offer and exit a number of branded restaurant sites unlocking 3,500 high returning extension rooms.

Having delivered £75 million of efficiency savings during the year which was ahead of our previous guidance together with the removal of lower returning restaurants we were able to reduce our U.K. cost base by 1% despite the presence of ongoing inflation and in Germany we’re making excellent progress. Our estate and brand are continuing to mature and we delivered a strong trading performance that was well ahead of the market and we reduced our loss before tax significantly....

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