J D Wetherspoon PLC (JDW.L)

JDW.L on London Stock Exchange

18 Jan 2018
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-7.00 (-0.55%)
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Latest Key Developments (Source: Significant Developments)

JD Wetherspoon comparable sales growth slows in 5-weeks to Oct 23
Wednesday, 2 Nov 2016 

J D Wetherspoon Plc : Trading statement . For 13 weeks to Oct. 23 2016, like-for-like sales increased by 3.5 pct and total sales increased by 2.3 pct . Level of like-for-like sales reduced to 2.3 pct in last 5 weeks of period . Operating margin, excluding property gains, in 13 weeks to Oct. 23 2016 was 8.6 pct, compared with 5.8 pct in same 13 weeks last year . Margin was unusually high during period and was unusually low for same three months last year . Company currently anticipates an operating margin of around 7 pct for current financial year . Company has opened one new pub since start of financial year and has sold nine . Intend to open about 15 pubs in current financial year . As at July 24 2016, company's net debt/EBITDA was 3.47 times . For foreseeable future, it is intended that company's net debt/EBITDA will be around 3.5 times . Company has made a reasonable start in current year .Any forecasts for full year are inevitably tentative, with nine months still to go - and outlook for current FY is unchanged.  Full Article

J D Wetherspoon plc declares interim dividend
Friday, 11 Mar 2016 

J D Wetherspoon plc;:Declared interim dividend of 4.0p per share for the current interim financial period ending Jan. 24, 2016 (2015: 4.0p per share).Says interim dividend will be paid on May 26, 2016 to those shareholders on the register at April 29, 2016.  Full Article

UPDATE 1-JD Wetherspoon's Q1 comparable sales growth nearly doubles

Nov 8 British pubs operator JD Wetherspoon said comparable sales growth nearly doubled in its first quarter from a year earlier, but it remained cautious on outlook for the current year, anticipating an outcome in line with expectations. The owner and operator of more than 900 pubs in Britain and Ireland said like-for-like sales for the 13 weeks to Oct. 29 rose 6.1 percent compared to growth of 3.5 percent a year earlier.