J D Wetherspoon PLC (JDW.L)
19 Jan 2017
Wed, Jan 18 2017
Jan 18 British pubs group JD Wetherspoon Plc warned of significantly higher costs and lower like-for-like sales in the next six months, taking the shine off higher sales over the Christmas quarter.
Jan 18 British pubs group JD Wetherspoon Plc sees significantly higher costs and lower like-for-like sales in the next six months, it said on Wednesday, as it reported higher sales for the last quarter.
* For first 12 weeks of q2 (to 15 january 2017), like-for-like sales increased by 3.2 pct and total sales by 0.7 pct.
* For 13 weeks to Oct. 23 2016, like-for-like sales increased by 3.5 pct and total sales increased by 2.3 pct
Nov 2 JD Wetherspoon expects higher costs in the remainder of the year, the British pubs group said on Wednesday, and cautioned that uncertainty remained regarding deals with suppliers in Europe as Britain negotiates its exit from the European Union.
Sept 9 Pub operator J D Wetherspoon gave an upbeat evaluation of its post-Brexit prospects on Friday, even as a trading update from rival Greene King cast a nervous eye towards Britain's impending departure from the European Union.
* Chairman Tim Martin says has not seen a loss of confidence among customers after Brexit Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)
* Since year end, wetherspoon's sales have continued to be encouraging and increased by 4.1%