|Bid||1,566.00 x 0|
|Ask||1,569.00 x 0|
|Day's range||1,555.00 - 1,577.00|
|52-week range||1,180.00 - 1,734.00|
|Beta (5Y monthly)||0.63|
|PE ratio (TTM)||22.78|
|Earnings date||20 Mar 2020|
|Forward dividend & yield||0.12 (0.76%)|
|Ex-dividend date||24 Oct 2019|
|1y target est||1,227.31|
While pub operators and restaurant chains have suffered due to steep costs on the back of higher wages and energy bills, Britons have ventured out to Wetherspoon's outlets for drinks, especially its pink gin, helping cushion other headwinds. Festive season has also provided some respite to the beaten-down sector, with Mitchells & Butlers also marking a solid update for the period encompassing Christmas and New Year holidays. Wetherspoon, popularly known as Spoons, said like-for-like sales in the fiscal year to date climbed 5% and it expects a trading outcome in line with its previous forecast.
Drinks included in the ‘Let’s Stay Friends’ campaign include Estrella Galicia from Spain, Beck’s from Germany, Peroni from Italy, and Jameson Irish Whiskey.
The meat industry had already warned of Brexit-linked labour shortages that threatened the popular Christmas staple.
Figures suggest big pub chains are expanding after a decade of closures, but campaign group warns more rural areas and independent local pubs are suffering.
A daily overview of the top business, market and economic stories you should be watching today in the UK and abroad.
British pub operator J D Wetherspoon said on Tuesday it will create more than 10,000 jobs over the next four years as it plans to invest over 200 million pounds ($256.60 million) to open new outlets in the UK and Ireland. The expansion, which will increase Wetherspoon's workforce by nearly a quarter, comes as most pub and restaurant chains in Britain battle increasing costs due to a mandatory minimum wage hike and rising rental and energy bills. Wetherspoon said it plans to open between 50 and 60 new pubs and some hotels.
The expansion, which will increase Wetherspoon's workforce by nearly a quarter, comes as most pub and restaurant chains in Britain battle increasing costs due to a mandatory minimum wage hike and rising rental and energy bills. Wetherspoon said it plans to open between 50 and 60 new pubs and some hotels. "Wetherspoon will not be entering into any deal like everyone else," a company spokesman said.
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The company, which was initially called Martin's Free House, has seen higher demand for pink gin, coffee, real ale, breakfast and beer, even as Britain is witnessing a move away from drinking by millennials. Wetherspoon, which expects full-year performance in line with its previous expectations, said total sales rose 5.6% for 13 weeks ended Oct. 27. Stifel analysts said they forecast full-year like-for-like sales growth of 4.5% and pretax profit of 89 million pounds ($113.88 million).
Shares in J D Wetherspoon (LON:JDW) have been in an uptrend in recent months, and the question now for investors is whether that price strength will continue.8230;
Tim Martin said the prime minister shouldn't break law requiring him to write to the EU 'but he should try and leave.'
Tim Martin criticised 21 rebel Tory MPs who voted against the government to block a no deal Brexit.