All JD Wetherspoon articles – Page 9
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NewsTim Martin re-elected to JDW board with 98% shareholder approval
JD Wetherspoon chairman Tim Martin has been re-elected with the support of more than 98% of shareholders.
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OpinionChange is happening everywhere
Seismic shifts are sweeping through the sector thanks to a combination of M&A, technological developments and consumer behaviour. Who knows what’s going to happen next?
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OpinionAnalysts’ verdict: JD Wetherspoon
Analysts at JP Morgan Cazenove and Goodbody share their reactions to the latest trading update from JD Wetherspoon and how it’s impacted their forecasts.
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NewsWetherspoon sales up 5.6%
Wetherspoons has reported a sales uplift for the 13 weeks to 27 October 2019. Like-for-like sales increased by 5.3% and total sales by 5.6%. Wetherspoons has opened one new pub since the start of the financial year and has disposed of four.
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NewsMcMullen sees overall growth of 7% in latest financial year
McMullen & Sons has achieved total revenue growth of around 7.5% for the financial year ended September 2019, MCA can reveal.
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OpinionBerenberg on JD Wetherspoon
The crux of investor debate on JD Wetherspoon (JDW) centres on whether it can convert its continued impressive like-for-like (lfl) sales momentum into meaningful profit growth in FY20 and beyond, says analyst Berenberg. And it thinks JDW can.
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NewsMartin Scott appointed NED at Stay Original
Former Hall & Woodhouse finance and commercial director Martin Scott has been appointed as a non-executive director of pub and boutique hotel group Stay Original.
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NewsGreggs tops Brand Health index
Greggs has been named the number eating out brand in YouGov’s Brand Health Index.
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OpinionJP Morgan on JD Wetherspoon
JD Wetherspoon’s (JDW) profit outlook does not justify its current multiple, according to the latest analysts note on the operator from JP Morgan.
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NewsNo further EU product swaps planned for Wetherspoon
JD Wetherspoon (JDW) is not planning to make any additional product swaps to non-EU sourced alternatives, following the introduction of several new lines last year.
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NewsJDW sees lfls up 6.8% for full year
JD Wetherspoons (JDW) has reported a like-for-like sales (lfls) increase, before exceptional items, of 6.8% for the full year to 28 July 2019.
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Analysis & InsightFish and chip supper anyone?
Call me old-fashioned and a tad unadventurous if you will, but I am rather quite partial to the long-established delights of fish and chips. A moist and slightly sweet tasting cod fillet in light but crunchy batter, with some nicely seasoned thick-cut chips, minty mushy peas and chunky tartare sauce – delightful! One of the things about go-to products though, is that they become something of a KVI – a Known Value Item.
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NewsWetherspoon slices 20p off price of Ruddles
JD Wetherspoon (JDW) has reduced the price of a pint of real ale by an average of 20p.
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Analysis & InsightGood value of greater importance to pub customers
The value of food and drink is of much greater importance to visitors of pubs than other of operators in the eating out market, across all three day-parts, according to the latest MCA Pub Brand Monitor.
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Analysis & InsightBDO: Whose round is it next?
As M&A activity continues at a pace in the pub sector, BDO’s M&A director Tom Barnard and M&A manager Hugh Ripley look at the common themes being seen across the pub market and who might be on the receiving end of a bid next.
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Analysis & InsightGrowth potential for Greene King pub brands
In light of the recent bid for Greene King by CK Asset Holdings, MCA market insight director Steve Gotham assesses what MCA’s Eating Out Panel data has to say about the performance of its four core brands.
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Analysis & InsightPub brands lose share at dinner time
Pub brands’ share of visits at dinner time – its most important occasion – in the second quarter of 2019 (April – June), reflecting toughening competition from restaurants and growing customer expectations.
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OpinionAnalysts’ verdict: Berenberg on Greene King
Analysts at Berenberg have said they expect the acquisition of Greene King by CK Asset Holdings to be approved by shareholders and as a result has upgraded its rating to ‘hold’ and increased its price target to the offer price.
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OpinionAnalysts’ corner: Mitchells & Butlers
A material re-rating should lie ahead if the business continues to executive its operational improvement and de-leveraging plans, believe analysts at Berenberg.
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NewsMcDonald’s, Nando’s and Greggs enjoy a successful June
McDonald’s, Nando’s and Greggs are the big winners of MCA’s latest Eating Out Panel Monthly Dashboard. Compared to last year’s sweltering heatwave in June, combined with the rush of World Cup football-fever, a boost in like for like sales at lunchtime in 2019 was always going to be a tough ask.