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Whitbread Q3 Sales Up, Despite Weak UK LFL Sales; On Track To Meet FY20 View

British restaurant company Whitbread plc (WTB.L) reported Thursday that its third-quarter, total sales grew 1%, despite challenging market conditions in the UK.

In its trading update, the company noted that total UK sales increased 0.3 percent, while UK like-for-like sales declined 1.3 percent. The company's performance in the quarter reflects a good food & beverage performance and marginally declining total accommodation sales.

In the quarter, total accommodation sales edged up 0.3 percent, and food & beverage sales grew 2.2 percent.

Looking ahead, the company said it is on track to achieve full year expectations for fiscal 2020.

Further, for fiscal 2021, the company is taking a cautious approach to hotel demand, especially relating to business customer demand in the regions.

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