All JD Wetherspoon articles – Page 28
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NewsJDW FY lfls up 3.3%
JD Wetherspoon has this morning reported a 3.3% increase in like-for-like sales for the 52 weeks to 26 July, with revenue up 7.4% to £1.51bn, but pre-tax profit down 2% to £77.8m
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NewsTRG to generate best organic growth in the sector
The Restaurant Group (TRG) will generate the best organic growth in the quoted pub and restaurant sector over the next five years
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NewsBorel suggests staggered reduction in VAT
The VAT Club’s Jacques Borel has put forward a plan to the Government for a staggered reduction in the level of the tax for hospitality businesses.
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Analysis & Insight
Flexitarianism driving vegetarian new dish growth
Vegetarian dishes now account for 31% of new items added to menus across all courses – up from 18% last year, according to the latest research from M&C Allegra Foodservice.
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News
Tokyo Industries opens multiple venues on same Bradford site
Tokyo Industries will open four venues on the same Bradford site in the next few weeks, in what managing director Aaron Mellor described as the company’s “most ambitious project yet”. The collection of venues represents a c£2m investment by Tokyo, softened by a large ‘Invest in Bradford’ EU grant. The ...
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Analysis & InsightChains increasingly adopting street food staples
Burgers continue to dominate British menus but street food inspired dishes are increasingly being offered by high street operators, the latest research from Horizons shows.
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Analysis & InsightJDW faces pressure in key day parts
JD Wetherspoon continues to be the best known pub brand but is facing increasing pressure, the latest Pub Brand Monitor from M&C Allegra Foodservice has shown.
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Analyst corner: Rollo on JDW
Leading analyst Jamie Rollo at Morgan Stanley says he expects sales growth at JD Wetherspoon to continue to slow over the coming years. JDW will announce its FY results next month and Rollo is predicting revenue up 7.6% and like-for-like sales growth of c3.4%.
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NewsSA Brain seeks new head of pub operations
SA Brain is searching for a new group head of pub operations to replace Kris Dungey, who has left the business after less than a year in the role.
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NewsEnterprise lfl net income up 0.6%; strategic plan on track
Enterprise Inns has reported that its trading performance continues to be encouraging and in line with its expectations
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Analysis & InsightMenu analysis: ‘Healthy eating not fully addressed’
Analysis of menus across leading pub and restaurant operators by M&C Allegra Foodservice has shown that healthier eating has yet to become mainstream with only 36% of brands providing full calorie information on menus.
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Analysis & InsightResearch shows consumers ordering fewer courses
Consumers are ordering fewer courses when eating out for dinner, with starters hardest hit, the latest Menu and Food Trends report from M&C Allegra Foodservice has shown.
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NewsJDW say Tim Martin shares now stand at 28%
JD Wetherspoon has said that, following recent share buybacks, founder Tim Martin now holds shares representing 28% of the voting rights in the company.
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OpinionIn conversation with Luke Johnson
The prolific sector investor behind Risk Capital Partners on what it takes to be an entrepreneur in hospitality, the risks around crowdfunding, the dangers of deep discounting and passing up a certain Portuguese chicken concept
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Analysis & Insight
Learning to live with the Living Wage
With the eating and drinking out sector facing a war for talent over the coming years, the national living wage is an added hurdle to overcome. But how far does the sector have to go and does the announcement undermine efforts to build a broader platform of benefits for those seeking a career in hospitality? Also, what does the exit by the Tolley family from Harris + Hoole mean for Tesco’s other investments in dining out?
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News
Jack: Winners and losers of National Living Wage
Douglas Jack, of Numis, has altered his forecasts for most of the managed pub and restaurant to reflect the impact of the new National Living Wage.
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Analysts’ corner: JDW Q4 performance
Analysts give their verdict on JD Wetherspoon’s performance in the final quarter of its financial year, including what impact its pledge to increase starting wages by 8% is likely to have.
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News
Numis downgrades JDW 2016 projections
Leading analyst Douglas Jack, of Numis, has cut pre-tax profit forecasts for JD Wetherspoon after it announced a further 8% increase to staff starting pay.
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NewsJDW Q4 lfls up 2.9%, year to date 3.4%
JD Wetherspoon has reported a 2.9% rise in like-for-like sales in the 11 weeks to 12 July and a 3.4% increase in the year to date (50 weeks to 12 July).