The strong lfl performance during the Christmas and New Year was a pleasant surprise. We reiterate that this momentum will normalise gradually in the coming quarters. We also believe that cost pressure is likely to remain in the near term but this is very well ingrained in the current stock price. No change to our stock recommendation.
24 Jan 2019
Good performance continues
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Good performance continues
J D Wetherspoon plc (JDW:LON) | 741 122.2 2.3% | Mkt Cap: 915.7m
- Published:
24 Jan 2019 -
Author:
Nishant Choudhary -
Pages:
2
The strong lfl performance during the Christmas and New Year was a pleasant surprise. We reiterate that this momentum will normalise gradually in the coming quarters. We also believe that cost pressure is likely to remain in the near term but this is very well ingrained in the current stock price. No change to our stock recommendation.