jdwetherspoon
J D Wetherspoon plc (LON:JDW)’s fourth quarter like-for-like sales were 0.4% lower than 2019 levels. That comes as the recovery for draught ales, lagers and ciders was slower than anticipated, where sales were 8% lower than 2019. Spirits, cocktails, food and hotel rooms were higher than 2019 levels, as sites in city centres performed better than suburban locations. The group spent £128m buying out 48 pubs that it previously leased, bringing the proportion of freehold pubs to 68.3% of the estate. Losses for the full year are expected in the region of £30m, higher than previously thought. That c...
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JD Wetherspoon plc (LON:JDW)’s like-for-like sales in the first 15 weeks of the year were 8.9% lower than in 2019 as bar, food and fruit/slot machine sales all declined. This was partially offset by an 11.5% increase in hotel sales. Q3 2021 hedge fund letters, conferences and more Although the group’s had some supply chain issues, they’ve eased in recent weeks. The group’s overall stocking levels have been in line with previous years. Wetherspoon also reported no widespread issues with recruitment. Chairman Tim Martin said, “Whereas we have an increased element of caution about near-term sales...
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“J D Wetherspoon plc (LON:JDW)’s trading update has been greeted with very little cheer among investors with shares down around 0.5% in early trading. Q2 2021 hedge fund letters, conferences and more Although across the sector outside terraces are heaving and revellers are making the most of their new found social freedoms, sales at the chains are still like a weak pint of beer. Far from being a cash cow, the Euros haven’t helped boost trade, with like for like sales down 20.8% between June 10 and July 4, whereas just before the tournament they were down by 8.1%. The company may be ruing its d...
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