Although JDW is facing a lfl sales decline (-16.9% for the 44 days ended 16 August 2020), we believe the publican is better placed to see through the pandemic / softer consumer demand, largely due to its relatively cheaper / value for money offerings. The near-term hiccups are tough to avoid, which is likely to also put pressure on profit margins, in our opinion. However, management’s disclosure of an annual loss in FY19/20 is below our expectations.
31 Aug 2020
Better placed to cope with the headwinds
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Better placed to cope with the headwinds
J D Wetherspoon plc (JDW:LON) | 734 0 0.0% | Mkt Cap: 907.4m
- Published:
31 Aug 2020 -
Author:
Nishant Choudhary -
Pages:
3
Although JDW is facing a lfl sales decline (-16.9% for the 44 days ended 16 August 2020), we believe the publican is better placed to see through the pandemic / softer consumer demand, largely due to its relatively cheaper / value for money offerings. The near-term hiccups are tough to avoid, which is likely to also put pressure on profit margins, in our opinion. However, management’s disclosure of an annual loss in FY19/20 is below our expectations.