Whitbread PLC (GB:WTB)
LSE:WTB
Want to see GB:WTB full AI Analyst Report?
Earnings Data
Report Date
Oct 21, 2026Before Open (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
1.2Last Year’s EPS
1.33Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly constructive picture: operational outperformance in the U.K., Germany reaching profitability, strong cash generation, substantial progress on a high-return Accelerating Growth Plan and an enlarged efficiency program. Management acknowledged near-term headwinds (business rates, labor inflation, AGP transition effects and increased lease obligations from recycling) but set out concrete mitigations and medium-term targets (GBP 275m incremental PBT from initiatives, GBP 250m efficiencies, GBP 1.5bn property recycling, 500bps ROCE improvement and GBP 2bn free cash flow by FY'31). Given the balance of many quantitative improvements and clear medium-term value creation levers versus manageable and disclosed short-term pains, the overall tone of the call is positive.Company Guidance
EBITDA Growth and Strong Operating Cash Flow
Group EBITDA increased 4% to GBP 1.1bn, supported by adjusted operating cash flow of over GBP 700m.
Shareholder Returns
Returned GBP 419m to shareholders (dividends and buybacks) in the year and plan to generate GBP 2bn of free cash flow for shareholders by FY'31 through the new 5-year plan.
U.K. Trading Outperformance
U.K. occupancy reached 79% for the year, average room rate rose 3% to GBP 82, RevPAR and revenue were up 1%, and the group maintained a RevPAR premium of nearly GBP 6 (increased to ~GBP 7 vs mid-scale/economy in current trading).
Germany Profitability and Strong Growth
Germany reached profitability for the first time with segment adjusted PBT of GBP 2m; revenues up 13%, EBITDA up 28% to GBP 85m, and local site profits rose to GBP 20m (from GBP 16m prior year).
Accelerating Growth Plan (AGP) Progress
AGP has opened ~600 extension rooms and 80 integrated restaurants so far; extended to include the remaining 197 branded restaurants, targeting ~3,600 cumulative AGP rooms, total AGP spend ~GBP 660m (ex proceeds) and expected return on capital of 15–20%.
Cost Efficiency Delivery and Target
FY26 delivered GBP 83m of cost efficiencies; management increased the largest-ever efficiency program to target GBP 250m cumulative savings by FY'31.
Property Recycling and Balance Sheet Strength
Generated GBP 313m (and separately referenced GBP 282m from 22 sale & leasebacks) of property-related disposals in FY26; lease-adjusted leverage 3.3x (within 3.5x investment-grade threshold) and plan to recycle GBP 1.5bn of freehold property by FY'31 while reducing freehold mix to 30–40%.
CapEx Intensity Reduction and ROCE Improvement
Plan reduces gross CapEx by GBP 1bn (to GBP 2.5bn), lowers net annual CapEx to GBP 200–250m p.a., expects to increase group ROCE by 500 basis points and free cash flow availability of GBP 2bn by FY'31.
Germany Forward Targets
Germany expected to turn cash-flow positive by FY'29, reach double-digit returns by FY'31, and expand to ~18,000 rooms (more than +50% growth vs open estate at announcement).
Net CapEx and Recycling Outcomes in FY26
Gross CapEx was GBP 697m and net CapEx GBP 384m in FY26 after recycling GBP 313m of proceeds; total cash flow before shareholder returns just over GBP 200m for the year.
GB:WTB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:WTB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | 2385.00 p | 2234.00 p | -6.33% |
Oct 16, 2025 | 3185.47 p | 2858.43 p | -10.27% |
May 01, 2025 | 2507.90 p | 2652.97 p | +5.78% |
Oct 16, 2024 | 2937.11 p | 3114.95 p | +6.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Whitbread PLC (GB:WTB) report earnings?
Whitbread PLC (GB:WTB) is schdueled to report earning on Oct 21, 2026, Before Open (Confirmed).
What is Whitbread PLC (GB:WTB) earnings time?
Whitbread PLC (GB:WTB) earnings time is at Oct 21, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Whitbread PLC stock?
The P/E ratio of Whitbread is N/A.
What is GB:WTB EPS forecast?
GB:WTB EPS forecast for the fiscal quarter 2027 (Q2) is 1.2.