Costa Coffee and Premier Inn owner Whitbread has reported a 11.9% annual profits hike to £546.3million on revenues up 12% to £2.9billion. Sales at its Costa chain rose 15.9% with plans to increase its healthier food range and to speed up service with new tills. Premier Inn sales climbed 12.9% helped by demand for smaller city centre ‘hub’ hotels.
Carpet retailer Carpetright has reported a 0.7% like-for-like sales increase in the UK in the 12 weeks to April 23. Sales in Europe rose 1.9%. It promised the roll-out of a new store format and brand identity will begin shortly.
Online fashion retailer boohoo.com has cheered a 33% annual profits leap to £112million on revenues up 40% to £195million. International demand in the US and Australia helped its figures as did its new petite range.