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Whitbread plc (WTBDY) Q1 2027 Sales/Trading Call Transcript
SA Transcripts · 2026-06-18 · via All Articles on Seeking Alpha

Whitbread plc (WTBDY) Q1 2027 Sales/Trading Call June 18, 2026 3:00 AM EDT

Company Participants

Dominic Paul - CEO & Director
Hemant Patel - CFO & Director

Conference Call Participants

Estelle Weingrod - JPMorgan Chase & Co, Research Division
Jaina Mistry - Barclays Bank PLC, Research Division
Richard Clarke - Bernstein Institutional Services LLC, Research Division
Timothy Barrett - Deutsche Bank AG, Research Division
Jarrod Castle - UBS Investment Bank, Research Division
Alex Brignall - Rothschild & Co Redburn, Research Division
Kate Xiao - BofA Securities, Research Division

Presentation

Unknown Attendee

Hello, everybody, and welcome to the Whitbread FY '27 Q1 Trading Update. My name is Elliott, and I'll be coordinating your call today. [Operator Instructions]

I would now like to hand over to Dominic Paul, Chief Executive Officer. Please go ahead.

Dominic Paul
CEO & Director

Good morning, everyone. Thank you for joining the call for our Q1 trading update. I'm joined today by Hemant Patel, our Group CFO, and we look forward to answering your questions shortly. Hopefully, you've had a chance to read the Q1 release, which we published this morning. I'm going to start with a very brief overview for those who haven't seen it, and then we'll open up the call for Q&A.

It's been a strong start to the year. In the U.K., trading has been positive with total accommodation sales up 3% and RevPAR up 2% versus last year. Reflecting the strength of our brand commercial program, we increased our outperformance versus the market on both accommodation sales and RevPAR growth, delivering a healthy RevPAR premium.

In Germany, we continue to make good progress and significantly outperformed the wider market, which has been softer due to a lower number of high-impact events this year. Total accommodation sales grew by 16%, driven by the opening of 6 leasehold hotels in the period and