Wetherspoon (J.D.) (JDW)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

799.50p
   
  • Change Today:
    -5.50p
  • 52 Week High: 847.50
  • 52 Week Low: 613.00
  • Currency: UK Pounds
  • Shares Issued: 123.62m
  • Volume: 439,270
  • Market Cap: £988.36m
  • RiskGrade: 267

Wetherspoons sees FY at top end of forecasts with record sales

By Frank Prenesti

Date: Wednesday 10 May 2023

LONDON (ShareCast) - (Sharecast News) - Pub chain JD Wetherspoon said it expected annual earnings to be at the top end of expectations and tipped 2023 to be a record year for sales.
The company said like-for-like sales increased by 9.1% in the 13 weeks to April 30, compared to the same period in 2019 before the Covid pandemic.

Sales in Easter week were the highest-ever for the company, with sales in the current financial year "likely to be a record", Wetherspoons said in a trading update.

Compared to FY22, like-for-like sales increased by 12.2% in the third quarter and by 12.7% in the year to date.

Trading over the last two bank UK holiday weekend had been mixed, with the May Day "exceptionally strong" - including the chain's busiest-ever Saturday, while the second, for the coronation of King Charles, was slightly less strong, "with a noticeably quiet Saturday" as people stayed home to watch the event.

"Lockdowns and associated restrictions have had more profound and longer-lasting consequences than most economists, politicians and commentators predicted," said outspoken company chairman Tim Martin.

"Sales in the last quarter have continued their positive momentum, although inflation, especially in labour, energy and food costs, remains a more intractable issue."

"The company expects profits in the current financial year to be towards the top of market expectations."

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JDW Market Data

Currency UK Pounds
Share Price 799.50p
Change Today -5.50p
% Change -0.68 %
52 Week High 847.50
52 Week Low 613.00
Volume 439,270
Shares Issued 123.62m
Market Cap £988.36m
RiskGrade 267

JDW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.35% below the market average52.35% below the market average52.35% below the market average52.35% below the market average52.35% below the market average
60.78% below the sector average60.78% below the sector average60.78% below the sector average60.78% below the sector average60.78% below the sector average
Price Trend
54.37% above the market average54.37% above the market average54.37% above the market average54.37% above the market average54.37% above the market average
53.57% above the sector average53.57% above the sector average53.57% above the sector average53.57% above the sector average53.57% above the sector average
Income Not Available
Growth
73.86% above the market average73.86% above the market average73.86% above the market average73.86% above the market average73.86% above the market average
16.98% above the sector average16.98% above the sector average16.98% above the sector average16.98% above the sector average16.98% above the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 7
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

JDW Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 24-Oct-19
Paid n/a 28-Nov-19
Amount 0.000p 8.00p

Trades for 21-May-2024

Time Volume / Share Price
16:37 2,095 @ 802.94p
16:37 4,844 @ 802.94p
16:37 28,849 @ 802.94p
16:35 29,285 @ 799.50p
16:35 14 @ 799.50p

JDW Key Personnel

CEO John Hutson
Chair Timothy (Tim) Martin
Finance Director Ben Whitley

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