All JD Wetherspoon articles – Page 9
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NewsWetherspoon HY like-for-likes up 5%
J D Wetherspoon is in a “sound financial position,” according to its second quarter business update released today.
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Analysis & Insight
Goodbody on Coffer Peach
The Coffer Peach data for the key 6 week Christmas trading period was released this morning. Sector like for likes were up 2.5%. Both Pubs and Restaurants saw a good LFL trading performance with restaurants +2.3% and pubs +2.7%. Within this wet led pubs slightly outperformed food led. Total sales growth for the cohort was +5.4%. The tracker added a new data point for bars which saw strong growth of 3.9%. The director of Coffer Corp leisure noted that “there is a post election sense of optimism”.
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NewsHearing the voice of Wetherspoon man
What can business expect from Boris Johnson’s new administration, bolstered as it is by a solid majority and heading full tilt forwards Brexit?
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Analysis & InsightBeating the January blues
There is an easy logic behind the third Monday in January being the most depressing day of the year, despite the underpinning research coming under question.
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Analysis & InsightAnd the 2019 consumer award winners are…
While we are in the midst of the entertainment awards season it would be most neglectful not to extend this to the worlds of foodservice and hospitality.
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NewsGotham’s Christmas-ish Quiz!
It’s the week before Christmas and I hope many thresholds are being crossed, multiple tipples downed and that tills are ringing out! For my part, I have been thinking about what sort of Christmas present to get lucky readers – I have been racking my mind and the best I can do is the joy of a quiz!
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Analysis & InsightGoodbody on Coffer Peach and 2020; Peel Hunt on Just Eat
Goodbody says the UK restaurant sector is still facing the dual headwinds of chronic oversupply and cost inflation, while Peel Hunt say Prosus’ latest offer for Just Eat ”significantly increases deal certainty”.
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NewsWetherspoons makes £200m pre-election spending pledge
Wetherspoons has announced it will invest more than £200m into its pub estate over the next four years.
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OpinionAnalysts’ verdict: Berenberg on Mitchells & Butlers
Mitchells & Butlers shares are due a “pause for breath” believes analyst Berenberg.
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NewsLow price champions
Given the prevailing weak outlook for consumer confidence, it seems inevitable that more risk averse and belt-tightening behaviours will come to the fore.
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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.