Whitbread PLC said its normalized net income for the fiscal second half ended Feb. 26 came to 77 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 99 pence per share.
EPS climbed 21.6% year over year from 63 pence.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £140.9 million, a gain of 22.3% from £115.2 million in the prior-year period.
Total revenue grew 14.4% year over year to £1.31 billion from £1.15 billion, and total operating expenses rose 13.0% on an annual basis to £1.09 billion from £961.2 million.
Reported net income rose 19.5% year over year to £179.7 million, or 98 pence per share, from £150.4 million, or 83 pence per share.
For the year, the company's normalized net income totaled £1.61 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of £2.07.
EPS rose 20.4% from £1.34 in the prior year.
Normalized net income was £294.3 million, a rise of 21.3% from £242.6 million in the prior year.
Full-year total revenue rose 13.7% on an annual basis to £2.61 billion from £2.29 billion, and total operating expenses grew 12.4% on an annual basis to £2.13 billion from £1.90 billion.
The company said reported net income rose 12.9% on an annual basis to £370.1 million, or £2.03 per share, in the full year, from £327.9 million, or £1.81 per share.
