Following the pre-close trading update, JDW reported Preliminary FY16/17 results (ended 30 July 2017) slightly ahead of our as well as the street’s estimates. Lfl sales increased 4.0% (vs our estimate: +3.9%), largely driven by good demand in both the food (+5.7% vs FY15/16: +3.5%) and drink businesses (3.1% vs FY15/16: +3.3%). Underlying operating profit came in at £128.5m (+17% yoy; vs our estimate: £124m, market consensus: £125m), helped by improved sales, lower uti
18 Sep 2017
Strong performance, but unsustainable
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Strong performance, but unsustainable
J D Wetherspoon plc (JDW:LON) | 731 36.6 0.7% | Mkt Cap: 903.7m
- Published:
18 Sep 2017 -
Author:
Nishant Choudhary -
Pages:
3
Following the pre-close trading update, JDW reported Preliminary FY16/17 results (ended 30 July 2017) slightly ahead of our as well as the street’s estimates. Lfl sales increased 4.0% (vs our estimate: +3.9%), largely driven by good demand in both the food (+5.7% vs FY15/16: +3.5%) and drink businesses (3.1% vs FY15/16: +3.3%). Underlying operating profit came in at £128.5m (+17% yoy; vs our estimate: £124m, market consensus: £125m), helped by improved sales, lower uti