JDW continued the strong growth momentum in the first 10 weeks of Q4 FY17/18. Although the top-line got a boost from a spate of unusual events (warm weather, England’s good run-up in the FIFA World Cup, the royal wedding, bank holiday timing, etc.), we expect this momentum to moderate in FY18/19. Profitability is also estimated to mellow on the back of looming cost headwinds. No change in our stock recommendation.
31 Jul 2018
Stronger Q4 led by hot weather and World Cup fever
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Stronger Q4 led by hot weather and World Cup fever
J D Wetherspoon plc (JDW:LON) | 742 0 0.0% | Mkt Cap: 917.6m
- Published:
31 Jul 2018 -
Author:
Nishant Choudhary -
Pages:
3
JDW continued the strong growth momentum in the first 10 weeks of Q4 FY17/18. Although the top-line got a boost from a spate of unusual events (warm weather, England’s good run-up in the FIFA World Cup, the royal wedding, bank holiday timing, etc.), we expect this momentum to moderate in FY18/19. Profitability is also estimated to mellow on the back of looming cost headwinds. No change in our stock recommendation.