JDW’s Q2 performance was slightly ahead of our estimates. The publican benefited as Britons continued to go out to eat and drink over Christmas and the New Year. Management’s disclosure of a further increase in FY19/20 net debt is a concern (although it is attributable to higher than expected capital expenditure). No significant changes to our financial estimates.
30 Jan 2020
Strong sales growth but higher debt is a concern
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong sales growth but higher debt is a concern
J D Wetherspoon plc (JDW:LON) | 735 -44.1 (-0.8%) | Mkt Cap: 908.9m
- Published:
30 Jan 2020 -
Author:
Nishant Choudhary -
Pages:
3
JDW’s Q2 performance was slightly ahead of our estimates. The publican benefited as Britons continued to go out to eat and drink over Christmas and the New Year. Management’s disclosure of a further increase in FY19/20 net debt is a concern (although it is attributable to higher than expected capital expenditure). No significant changes to our financial estimates.