The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Whitbread finds high street tough

01 September 2005

Sales at Pizza Hut and TGI Fridays have suffered badly in the 24 weeks to 18 August, as increasingly frugal consumers rein in their spending.

Pub restaurants, where Whitbread has now completed the rebranding of all Brewsters outlets to Brewers Fayre, also suffered with a 1% fall in like-for-like sales over the period.

Overall, group like-for-like sales increased 0.6%, with total sales up 12.5% thanks to the healthy performance of newly integrated budget hotel chain Premier Lodge.

Stripping out the positive effect of Premier Lodge total sales were up 4.5%.

Whitbread chief executive Alan Parker said: "In a difficult trading environment we continue to grow sales, which is a testament to the underlying strengthen of our business, and the benefit of the Premier Lodge acquisition."

Parker also announced that Whitbread would be returning an additional £150m to shareholders as part of its Marriott disposal programme, bringing the total windfall to £400m.

Two new senior appointments were also announced. Mike Tye, currently managing director of Premier Travel Inn, will take on the same role at David Lloyd when Stewart Miller steps down on 30 September.

Filling the position vacated by Tye, Patrick Dempsey, previously managing director of Whitbread's Marriott division, will take over at the budget hotel operation.

By Chris Druce

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking