JDW clocked strong lfl growth in Q1. However, this momentum is likely to slow in the coming quarters, largely due to a tougher comparable base and challenging macro-economic conditions. The high operating profit margin of 8.6% should also decline going forward on the back of normalized top-line growth and higher operating costs. No change in our stock recommendation.
07 Jan 2018
Robust quarterly results; lfl growth to normalize gradually
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Robust quarterly results; lfl growth to normalize gradually
J D Wetherspoon plc (JDW:LON) | 728 14.6 0.3% | Mkt Cap: 899.7m
- Published:
07 Jan 2018 -
Author:
Nishant Choudhary -
Pages:
3
JDW clocked strong lfl growth in Q1. However, this momentum is likely to slow in the coming quarters, largely due to a tougher comparable base and challenging macro-economic conditions. The high operating profit margin of 8.6% should also decline going forward on the back of normalized top-line growth and higher operating costs. No change in our stock recommendation.