Premier Inn owner Whitbread to return 2bn to shareholders as it eyes profit growth and expansion
Briefly

from Business Matters3 months ago
Whitbread's commitment to returning over £2 billion to shareholders, despite current declines in pre-tax profits, reflects a strong focus on future growth and profitability.
Business Mattershttps://bmmagazine.co.uk/in-business/premier-inn-owner-whitbread-to-return-2bn-to-shareholders-as-it-eyes-profit-growth-and-expansion/
Chief Executive Dominic Paul expressed confidence in Whitbread's recovery strategy, stating, "We are making excellent progress with our plans... to deliver a step change in our performance."
Business Mattershttps://bmmagazine.co.uk/in-business/premier-inn-owner-whitbread-to-return-2bn-to-shareholders-as-it-eyes-profit-growth-and-expansion/
The significant restructuring plan will cost £500 million over four years, as Whitbread aims to convert 112 restaurants into hotel rooms amidst shifting consumer demand.
Business Mattershttps://bmmagazine.co.uk/in-business/premier-inn-owner-whitbread-to-return-2bn-to-shareholders-as-it-eyes-profit-growth-and-expansion/
Despite a 22% drop in pre-tax profits influenced by a decline in food and drink sales, Whitbread's German operations achieved a 21% revenue increase, showcasing market differences.
Business Mattershttps://bmmagazine.co.uk/in-business/premier-inn-owner-whitbread-to-return-2bn-to-shareholders-as-it-eyes-profit-growth-and-expansion/
Read at Business Matters
#whitbread #premier-inn #profits #shareholder-returns #market-strategy
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