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Whitbread says current performance is strong despite economic uncertainties.

Dow Jones Newswires Last Updated: April 25, 2023 at 3:10 a.m. ET First Published: April 25, 2023 at 3:02 a.m. ET A Premier Inn logo is pictured outside one of the company’s hotels in Doncaster, northern England, on September 22, 2020. paul ellis/Agence France-Presse/Getty Images Whitbread PLC UK:WTB said Tuesday that its current performance is
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A Premier Inn logo is pictured outside one of the company’s hotels in Doncaster, northern England, on September 22, 2020.

paul ellis/Agence France-Presse/Getty Images

Whitbread PLC UK:WTB said Tuesday that its current performance is strong despite economic uncertainties as it reported a rise in pretax profit for fiscal 2023 and launched a 300 million-pound ($374.6 million) buyback program which it expects to complete in the first half of fiscal 2024.

The owner of budget hotel chain Premier Inn said the board is confident in the outlook for fiscal 2024, with an expected capital expenditure in the GBP400 million to GBP450 million range.

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