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Trading statements

JD Wetherspoon like-for-like sales up

03 May 2017 07:36

JD Wetherspoon's like-for-like sales increased by 4.0% and total sales rose by 1.3% in the 13 weeks to 23 April.

The group said year-to-date like-for-like sales had increased by 3.5% and total sales had increased by 1.4%.

The operating margin in the 13 weeks to 23 April was 7.3%, compared with 6.4% in the corresponding period last year.

The year-to-date operating margin was 7.8% compared with 6.3% last year.

The company said it had opened 9 pubs since the start of the financial year and had sold 36.

In addition, 3 pubs had been closed and were being marketed.

The group said: "We expect to open one further pub in this financial year. About £16m of exceptional, non-cash losses are expected in this financial year, mainly as a result of the disposal programme."

Story provided by StockMarketWire.com

Related Company: JDW

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