United Kingdom

J D Wetherspoon PLC (JDW.L)

JDW.L on London Stock Exchange

19 Jan 2018
Change (% chg)

4.00 (+0.31%)
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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

Mitchells & Butlers pulls interim dividend, shares tumble

British pub operator Mitchells & Butlers posted a smaller full-year profit due to higher costs and said it would not pay an interim dividend in 2018, sending its shares down more than 12 percent in morning trade.