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India

J D Wetherspoon PLC (JDW.L)

JDW.L on London Stock Exchange

1,231.00GBp
23 May 2018
Change (% chg)

4.00 (+0.33%)
Prev Close
1,227.00
Open
1,230.00
Day's High
1,237.00
Day's Low
1,214.00
Volume
105,192
Avg. Vol
168,872
52-wk High
1,346.14
52-wk Low
953.00

Latest Key Developments (Source: Significant Developments)

J D Wetherspoon Says For 13 Weeks To 29 April 2018 Like-For-Like Sales Increased By 3.5%
Wednesday, 9 May 2018 

May 9 (Reuters) - J D Wetherspoon PLC ::FOR 13 WEEKS TO 29 APRIL 2018 LIKE-FOR-LIKE SALES INCREASED BY 3.5% AND TOTAL SALES INCREASED BY 2.8%.YEAR-TO-DATE LIKE-FOR-LIKE SALES HAVE INCREASED BY 5.2% AND TOTAL SALES HAVE INCREASED BY 3.8%.Q3 THIS YEAR DID NOT INCLUD EARLY MAY BANK HOLIDAY, WHICH IS LIKELY TO HAVE REDUCED LIKE-FOR- LIKE SALES BY ABOUT 0.5% IN PERIOD.SINCE START OF FINANCIAL YEAR, COMPANY HAS OPENED 5 NEW PUBS AND SOLD 19.INTEND TO OPEN ONE FURTHER PUB IN CURRENT FINANCIAL YEAR.NET DEBT AT END OF QUARTER WAS £754M AND IS EXPECTED TO BE AROUND £740M AT END OF FINANCIAL YEAR.CONTINUE TO ANTICIPATE A TRADING OUTCOME FOR THIS FINANCIAL YEAR IN LINE WITH OUR PREVIOUS EXPECTATIONS."AS ANTICIPATED, RATE OF LIKE FOR LIKE SALES GROWTH SLOWED SLIGHTLY IN Q3".BELIEVES MARKET VALUE OF PUB ESTATE REMAINS COMFORTABLY ABOVE NET BOOK VALUE.  Full Article

J D Wetherspoon Says Q2 ‍like-For-Like Sales Increased By 6.0 Pct
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - J D Wetherspoon Plc ::Q2 ‍LIKE-FOR-LIKE SALES INCREASED BY 6.0% AND TOTAL SALES BY 4.3%.‍AS A RESULT OF BETTER-THAN-EXPECTED SALES, YEAR-TO-DATE UNDERLYING PROFIT BEFORE TAX IS SLIGHTLY AHEAD OF OUR EXPECTATIONS​.‍INTEND TO OPEN APPROXIMATELY 10 PUBS IN CURRENT FINANCIAL YEAR​​.‍NET DEBT, AT END OF FINANCIAL YEAR, IS CURRENTLY EXPECTED TO BE AROUND £30M HIGHER THAN LEVEL AT LAST FINANCIAL YEAR END​.‍IN YEAR TO DATE (25 WEEKS TO 21 JANUARY 2018), LIKE-FOR-LIKE SALES INCREASED BY 6.0% AND TOTAL SALES BY 4.3%​.‍NET DEBT, AT END OF THIS FINANCIAL YEAR, IS CURRENTLY EXPECTED TO BE AROUND £30M HIGHER THAN LEVEL AT LAST FINANCIAL YEAR END​.‍IN YEAR TO DATE (25 WEEKS TO 21 JANUARY 2018), LIKE-FOR-LIKE SALES INCREASED BY 6.0% AND TOTAL SALES BY 4.3%​.‍CURRENTLY ANTICIPATE A SLIGHTLY IMPROVED TRADING OUTCOME FOR THIS FINANCIAL YEAR​.‍"WE FACE SIGNIFICANT COSTS IN SECOND HALF IN AREAS WHICH INCLUDE LABOUR, BUSINESS RATES AND SUGAR TAX"​.‍"WE CURRENTLY ANTICIPATE A SLIGHTLY IMPROVED TRADING OUTCOME FOR THIS FINANCIAL YEAR"​.  Full Article

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

UPDATE 1-Wetherspoon warns again on costs as sales rise 3.5 pct

May 9 Pub operator JD Wetherspoon reported a 3.5 percent increase in third-quarter comparable sales on Wednesday and stuck by its previous forecasts for results this year while warning it faced significant cost increases in the second half.