Market's view on Whitbread
Published on April 2024
- The optimism from Germany’s raised GDP forecast may counterbalance any previous underperformance, with expectations that UK results will be more influential.
- Whitbread is viewed as a potential takeover target given its current valuation.
- Unilever’s stock price has increased by approximately 6% since announcing its financial results, with Germany considered a potential issue.
- There is encouragement from PPHE’s report of continued revenue recovery in Germany, though it may not directly correlate to Premier Inn’s market.
- Concerns prevail about Premier Inn Germany’s performance potentially falling below consensus, hinting at possible FY guidance cuts.
- Travelodge has recorded record revenues and is optimistic about future growth, driven by various events and robust bookings.
- Whitbread plans to convert an underground car park into a hub by Premier Inn in London.
- The UK pub industry challenges are acknowledged but considered less significant in the broader context of Whitbread’s performance.