JDW released strong Q3 trading numbers (13 week period ending 23 April 2017), which were ahead of our estimates as well as the market consensus. Lfl revenue increased by 4.0% (vs our estimate: 2.5%), once again shrugging of the Brexit apprehensions in the UK. Note that the company has not shared any details about organic growth in the food and drinks business for the quarter. The operating margin remained strong at 7.3% (+90bp yoy; our estimate: 6.0%), as management was largely successful in
14 May 2017
Strong Q3 results
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Strong Q3 results
J D Wetherspoon plc (JDW:LON) | 728 -54.6 (-1.0%) | Mkt Cap: 900.3m
- Published:
14 May 2017 -
Author:
Nishant Choudhary -
Pages:
3
JDW released strong Q3 trading numbers (13 week period ending 23 April 2017), which were ahead of our estimates as well as the market consensus. Lfl revenue increased by 4.0% (vs our estimate: 2.5%), once again shrugging of the Brexit apprehensions in the UK. Note that the company has not shared any details about organic growth in the food and drinks business for the quarter. The operating margin remained strong at 7.3% (+90bp yoy; our estimate: 6.0%), as management was largely successful in