- Whitbread reported a rise in revenue and pretax profit for the first half of fiscal 2024
- Revenue increased to £1.57 billion, driven by higher occupancy levels and food & beverage sales
- Pretax profit for the six months ended Sept. 1 was £395.1 million
- The company plans to launch a second buyback program of £300 million
- The interim dividend has been raised to 31.4 pence a share
- Whitbread expects to receive disposal proceeds in the range of £50 million to £100 million
Whitbread, the hotel-and-restaurant company, reported a rise in revenue and pretax profit for the first half of fiscal 2024. Revenue increased to £1.57 billion, driven by higher occupancy levels and food & beverage sales. Pretax profit for the six months ended Sept. 1 was £395.1 million. The company plans to launch a second buyback program of £300 million and has raised the interim dividend to 31.4 pence a share. Whitbread also expects to receive disposal proceeds in the range of £50 million to £100 million.
