Whitbread’s coffee hit

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Firm behind Premier Inn and Costa Coffee faces higher input costs

Thursday 27 Oct 2016 Author: Tom Sieber

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Coffee prices at a two-year high are a significant headwind for Costa Coffee and Premier Inn owner Whitbread (WTB) which is also absorbing costs associated with IT investment and the introduction of the National Living Wage. First half results (25 Oct) included a 5% dividend hike and an otherwise pretty robust performance in the wake of the Brexit vote but the market remains unconvinced. Year-to-date the stock is down 16% at £36.87. (TS)

27 Oct 2016

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