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United Kingdom

J D Wetherspoon PLC (JDW.L)

JDW.L on London Stock Exchange

1,329.00GBp
24 May 2019
Change (% chg)

7.00 (+0.53%)
Prev Close
1,322.00
Open
1,328.00
Day's High
1,330.00
Day's Low
1,314.00
Volume
50,455
Avg. Vol
131,898
52-wk High
1,384.00
52-wk Low
1,051.00

Latest Key Developments (Source: Significant Developments)

Wetherspoon Q3 LFL Sales Up 7.6 Pct
Wednesday, 8 May 2019 

May 8 (Reuters) - J D Wetherspoon PLC ::TRADING STATEMENT.FOR 13 WEEKS TO 28 APRIL 2019 LIKE-FOR-LIKE SALES INCREASED BY 7.6%.FOR 13 WEEKS TO 28 APRIL 2019 LIKE-FOR-LIKE SALES INCREASED BY 7.6% AND TOTAL SALES INCREASED BY 8.4%.FOR 13 WEEKS TO 28 APRIL 2019 TOTAL SALES INCREASED BY 8.4%.CONTINUE TO ANTICIPATE A TRADING OUTCOME FOR THIS FINANCIAL YEAR IN LINE WITH OUR PREVIOUS EXPECTATIONS.INTEND TO OPEN TWO FURTHER PUBS IN CURRENT FINANCIAL YEAR.NET DEBT AT END OF QUARTER WAS £746M AND IS EXPECTED TO BE AROUND £740M AT END OF FINANCIAL YEAR.  Full Article

Wetherspoon Sees Lower H1 Pretax profit, Affirms FY Forecast
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - J D Wetherspoon PLC ::Q2 TRADING UPDATE.FOR FIRST 12 WEEKS OF Q2 (TO 20 JANUARY 2019), LIKE-FOR-LIKE SALES INCREASED BY 7.2% AND TOTAL SALES BY 8.3%.IN YEAR TO DATE (25 WEEKS TO 20 JANUARY 2019), LIKE-FOR-LIKE SALES INCREASED BY 6.3% AND TOTAL SALES BY 7.2%.INTEND TO OPEN BETWEEN 5 AND 10 PUBS IN CURRENT FINANCIAL YEAR.COMPANY HAS SPENT £56M IN YEAR TO DATE ON BUYING FREEHOLDS OF PUBS OF WHICH WE WERE PREVIOUSLY TENANTS.COMPANY REMAINS IN A SOUND FINANCIAL POSITION.HAS AGREED A NEW 5 YEAR REVOLVING CREDIT FACILITY OF £875 MILLION.NEW FACILITY MATURES IN JANUARY 2024..COSTS, AS PREVIOUSLY INDICATED, ARE CONSIDERABLY HIGHER THAN PREVIOUS YEAR.PROFIT BEFORE TAX IN FIRST HALF IS EXPECTED TO BE LOWER THAN SAME PERIOD LAST YEAR.EXPECTATIONS FOR FULL YEAR ARE UNCHANGED.  Full Article

J D Wetherspoon FY Pretax Profit After Exceptional Items Up 16.5 Pct
Friday, 14 Sep 2018 

Sept 14 (Reuters) - J D Wetherspoon PLC ::FY REVENUE BEFORE EXCEPTIONAL ITEMS £1,693.8M (2017: £1,660.8M).FY PROFIT BEFORE TAX BEFORE EXCEPTIONAL ITEMS £107.2M (2017: £102.8M).FULL YEAR DIVIDEND 12.0P (2017: 12.0P).LIKE-FOR-LIKE SALES IN SIX WEEKS TO 9 SEPTEMBER INCREASED BY 5.5 PCT.FY PROFIT BEFORE TAX AFTER EXCEPTIONAL ITEMS £89.0M (2017: £76.4 M).HAD A REASONABLE START TO FINANCIAL YEAR, BUT TAXES, LABOUR AND INTEREST COSTS ARE EXPECTED TO BE HIGHER THAN THOSE OF LAST YEAR.ESTIMATE THAT LIKE-FOR-LIKE SALES GROWTH OF ABOUT 4.0 PCT WILL BE REQUIRED FOR COMPANY TO MATCH LAST YEAR'S PROFITS.  Full Article

J D Wetherspoon Says H1 LFL Sales Up 6.1 Pct, LFL Sales Growth To Be Lower In H2
Friday, 16 Mar 2018 

March 16 (Reuters) - J D Wetherspoon Plc ::HY ‍LIKE-FOR-LIKE SALES UP 6.1%​.HY ‍PROFIT BEFORE TAX OF £62.0M VERSUS £51.4M YEAR AGO.‍HY REVENUE £830.4M (2017: £801.4M)​.‍EXPECTATION THAT GROWTH IN LIKE-FOR-LIKE SALES WILL BE LOWER IN NEXT SIX MONTHS​.‍ANTICIPATES HIGHER COSTS IN SECOND HALF OF FINANCIAL YEAR​.‍COMPANY REMAINS CAUTIOUS ABOUT SECOND HALF OF YEAR​.‍CURRENTLY ANTICIPATE AN UNCHANGED TRADING OUTCOME FOR CURRENT FINANCIAL YEAR​.  Full Article

J D Wetherspoon anticipates trading outcome for current FY in line with expectations
Friday, 15 Sep 2017 

Sept 15 (Reuters) - J D WETHERSPOON PLC ::FINAL DIVIDEND 8 PENCEPER SHARE.TOTAL DIVIDEND 12 PENCEPER SHARE.FY REVENUE 1,660.8 MILLION STG VERSUS 1,595 MILLION STG YEAR AGO.FY PROFIT BEFORE TAX 102.8 MILLION STG VERSUS 80.6 MILLION STG YEAR AGO.FY OPERATING PROFIT 128.5 MILLION STG VERSUS 109.7 MILLION STG YEAR AGO.FY EARNINGS PER SHARE 69.2 PENCE PER SHARE.FULL YEAR DIVIDEND OF 12.0 PENCE."SINCE YEAR END, WETHERSPOON'S LIKE-FOR-LIKE SALES HAVE CONTINUED TO BE ENCOURAGING AND HAVE INCREASED BY 6.1%".AS AT 30 JULY 2017, TOTAL NET DEBT, INCLUDING BANK BORROWINGS AND FINANCE LEASES, BUT EXCLUDING DERIVATIVES, WAS 696.3 MILLION STG."THIS IS A POSITIVE START, BUT IS FOR A FEW WEEKS ONLY - AND IS VERY UNLIKELY TO CONTINUE FOR REST OF YEAR".ANTICIPATED THAT LIKE-FOR-LIKE SALES OF AROUND 3-4% WILL BE REQUIRED THIS YEAR IN ORDER TO MATCH LAST YEAR'S PROFIT BEFORE TAX."CURRENTLY ANTICIPATE A TRADING OUTCOME FOR CURRENT FINANCIAL YEAR IN LINE WITH OUR EXPECTATIONS".  Full Article

JD Wetherspoon says lfl sales for 11 weeks to July 9 up 5.3 pct
Wednesday, 12 Jul 2017 

July 12 (Reuters) - J D Wetherspoon Plc ::For 11 weeks to 9 july 2017 like-for-like sales increased by 5.3 pct and total sales increased by 3.6 pct.In year to date (50 weeks to 9 july 2017) like-for-like sales increased by 3.9 pct and total sales increased by 1.9 pct.J d wetherspoon plc - company has opened 9 new pubs since start of financial year and has sold or closed 38.J d wetherspoon plc - expect to open one more pub before financial year end.J d wetherspoon - full-year operating margin before exceptional items and before a £1.6m gain on property is expected to be between 7.6 pct and 7.8 pct for 53-week period.Net debt at end of this financial year is currently expected to be around £715m.  Full Article

J D Wetherspoon says recent sales performance slightly better than expected
Tuesday, 13 Jun 2017 

June 13 (Reuters) - J D Wetherspoon Plc :Says recent sales performance has been slightly better than expected.‍anticipate a slightly better trading outcome than was foreseen at last update​.‍Continues to anticipate it will require like-for-like sales of about 3 to 4% in its next FY to maintain profits at this year's levels​.  Full Article

Investors keep food firms on warning over antibiotics

LONDON An investor group managing some $5 trillion said it was pleased with the steps taken by fast-food companies to cut the use of antibiotics in their products and will continue to monitor firms as its three-year-long engagement comes to an end.