Costa Coffee Gives Whitbread Earnings a Boost
Whitbread Plc, the owner of Premier Inn hotels, reported a 12 percent increase in full-year earnings, exceeding analysts’ estimates, fueled by its Costa Coffee chain. Full-year underlying pretax profit rose to 546 million pounds ($792 million), Whitbread said in a statement Tuesday. The median analyst estimate was for 539 million pounds. “Premier Inn and Costa benefit from attractive market growth opportunities and we will continue to capitalize on these by developing our network,” Chief Executive Officer Alison Brittain said in the statement. Brittain joined Bloomberg's Hans Nichols and Guy Johnson on "On the Move" to go through the numbers.
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