JDW has ended the year on a strong note. This performance gains further significance considering the strong comparables and a weak show by overall UK-based managed pubs in May 2019 (according to Coffer Peach). We expect top-line momentum to moderate in the subsequent year. The margin pressure is likely to remain in our opinion. No change to stock recommendation.
10 Jul 2019
Decent closure to FY18/19
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Decent closure to FY18/19
J D Wetherspoon plc (JDW:LON) | 728 -10.9 (-0.2%) | Mkt Cap: 900.6m
- Published:
10 Jul 2019 -
Author:
Nishant Choudhary -
Pages:
2
JDW has ended the year on a strong note. This performance gains further significance considering the strong comparables and a weak show by overall UK-based managed pubs in May 2019 (according to Coffer Peach). We expect top-line momentum to moderate in the subsequent year. The margin pressure is likely to remain in our opinion. No change to stock recommendation.