.

Preliminary Results.

Interim Management Statement.

Current trading

In the first quarter (13 weeks to 23 October 2011), like-for-like sales increased by 1.1%. Total sales in the period increased by 7.3%. The operating margin was 9.3%, approximately 0.2% lower than that achieved during the last financial year.

18 JANUARY 2012

JD Wetherspoon PLC

PRE-CLOSE STATEMENT

JD Wetherspoon plc ('JD Wetherspoon' or the 'Company'), announces an update on current trading before entering its closed period for its interim results for the six months ending 22 January 2012, which are expected to be announced on 9 March 2012.

Current trading

For the first twelve weeks of the second quarter (to 15 January 2012), like-for-like sales increased by 3.6%, compared to 1.1% growth in the first quarter (to 23 October 2011). Total sales, including new pubs, for the first twelve weeks of the second quarter increased by 9.9%, compared to 7.3% in the first quarter. In the year to date (25 weeks to 15 January 2012), like-for-like sales increased by 2.3% and total sales increased by 8.5%.

December LFL sales were strong, mainly due to adverse weather conditions last year. Sales growth for the period before and after December was approximately in line with the first quarter.

We expect the operating margin for the half year ending 22 January 2012 to be slightly below that achieved in the first quarter of this financial year, with the potential for further decline in the second half of this financial year due to continuing cost increases. We expect the Company's corporation tax rate for this financial year to be around 29%.

Property

The Company has opened 18 new pubs and closed 2 pubs since the start of this financial year. We have a number of sites under development and, in line with previous estimates, intend to open approximately 50 pubs in the current financial year.

Financial position

There have been no significant changes in the Company's overall financial position, since the publication on 6 October 2011 of the annual report and accounts for the year ended 24 July 2011.

Outlook

Our sales, profit and cash flow remain resilient. As previously stated, the main challenges for the Company, in this financial year of 53 trading weeks, will be the continuing cost pressures resulting from government legislation, including further increases to excise duty, business rates and carbon tax. In addition, as previously stated, pubs pay VAT on food, whereas supermarkets do not, and also pay far higher rates of VAT than similar businesses in Ireland and France, for example. In order to maximise job creation and taxation revenues, we believe the government needs to reduce VAT for pubs and restaurants as a priority. Notwithstanding these issues the Company is aiming for a reasonable outcome in the current financial year.

has you all no i like my beer and food and use this company alot to meet loads of friends all over the country .but over the last 12 months the PUBS have gone down the drain the staff are slow they dont understand what you say it takes time to explain what you want . and i can and have seen the migrant staff not taking the money for peoples bill by not putting them though the till . but i would never say anything as it would be racist . we are now lookling to meet in other pubs like toby and crown . i have sold my few shares as i think the pubs only now get druggies and low life .

Stopped using these years ago. Wetherspoons were a breath of fresh air all those years ago when they were started in London, but sadly standards have not kept up out of London in general now a days.

Half Yearly Report.


FINANCIAL HIGHLIGHTS



. Revenue £569.4m (2011: £525.4m) +8.4%
. Like-for-like sales +2.1%
. Free cash flow per share 27.5p (2011: 16.9p) +62.7%
. Free cash flow £34.9m (2011: £22.7m) +53.7%

Before Before exceptional items:

. Operating profit £53.1m (2011: £49.6m) +7.2%
. Profit before tax £35.8m (2011: £32.2m) +11.1%
. Earnings per share 20.2p (2011: 16.5p) +22.4%

Interim Interim dividend 4p (2011: 4p) maintained

4p not worth the bother and the beer is crap and the service you can wait 10 mins to get servered the staff are slow and useless

Excellent rise since Friday.

Interim Management Statement.

Current trading

For the 13 weeks to 22 April 2012, like-for-like sales increased by 2.0%. Total Company sales, over the same period, increased by 8.4%. In the year to date (39 weeks to 22 April 2012), like-for-like sales increased by 2.0%, and overall Company sales increased by 8.4%.

The operating margin before exceptionals, in the 13 weeks to 22 April 2012, was 8.1%, compared with 9.3% in the first half of the current financial year, and the year-to-date (39 weeks to 22 April 2012) operating margin before exceptionals was 8.9%. We expect to see the operating margin before exceptionals improve in the final quarter as compared with the third quarter, although we continue to expect the operating margin before exceptionals for the second half of this financial year as a whole to decline, compared with that achieved in the first half.

Pre-Close Statement.

Current trading

For the 11 weeks to 8 July 2012, like-for-like sales increased by 6.1%, and total sales increased by 11.9%, with particularly strong trading around the fortnight of the jubilee celebrations and during the Euro 2012 championships. In the year to date (50 weeks to 8 July 2012), like-for-like sales increased by 3.0%, and overall Company sales increased by 9.2%.

We currently anticipate reporting an operating margin (before exceptionals) for the second half of this financial year of approximately 8.5%.

These have had an excellent 3 months - they report early next month.

Friday preview: JD Wetherspoon up against soft comparatives
Thu 13 Sep 2012

JDW - Wetherspoon

LONDON (SHARECAST) - Pubs group JD Wetherspoon announces full-year results, but of greater interest will be the update on trading in the first six weeks of the current year.

Although the weather has not been kind to pubs this summer, the group is going up against relatively soft comparatives from a year earlier, when like-for-like sales were up just 0.4% year-on-year.

The market has pencilled in £1.23bn for sales and pre-tax profit of £71.2m. Earnings per share are tipped to advance to 41.6p while the dividend is seen climbing to 12.95p.

"We look for news on plans for the redeployment of capex [capital expenditure] from the scaled back opening programme. We think increasing dividends faster than earnings would be particularly well received by the market," Panmure Gordon said.

"We think there is underlying top-line momentum in the business and margins should stabilise as the 176 pubs opened over the last four years mature and the drag from new pubs diminishes as the number of openings is reduced. However we note the group is aggressively discounting certain products (cider, wine, spirits and cocktails) between now and the end of November which could depress gross margins," the broker added.

PRELIMINARY RESULTS

'Record sales, profit and earnings per share before exceptional items'


FINANCIAL HIGHLIGHTS Excluding Week 53


· Revenue £1,197.1m (2011: £1,072.0m) +11.7% +9.3%

· Like-for-like sales +3.2%

· Free cash flow £91.5m (2011: £78.8m) +16.1%

· Free cash flow per share 73.2p (2011: 59.7p) +22.6%

· Profit before tax £58.9m (2011: £61.4m) -4.1%

· Dividends per share 12.0p (2011: 12.0p)

Before exceptional items:

· Operating Profit £107.3m (2011: £102.3m) + 4.9% + 2.6%

· Profit before tax £72.4m (2011: £66.8m) + 8.4% + 5.8%

· Earnings per share 41.3p (2011: 35.3p) +17.0% +14.4%

Very good last year.. but uncertainty next. Wondering what the market thinks.

Tanker needs to spend more on his lunches! :-)

I agree, ordering food will benefit him -):

Talking about food/Wetherspoon we were desperate for some food in Mold the other week so gave the local Spoons a try. Surprisingly we were very impressed (and I'm someone who does like "Good" Food. Had the same very surprising positive same experience at a Marston Pub/Hotel a couple of months back.

A mate of mine has said similar - he is a bit of pub grub man and says that our local spoon has improved no end since the spring. As to the Marstons experience, they are my current play in the sector.

InterimManagement Statement

Current trading

In the first quarter (13 weeks to 28 October 2012), like-for-like sales increased by 7.1% and total sales increased by 11.1%, helped by a strong performance during the Olympics and Paralympic games. We do not expect this level of sales growth to be sustained for the rest of the financial year.

The operating margin was 8.6%, approximately 0.4% lower than the last financial year, due to increases in costs in areas such as tax, utilities, labour and bar and food supplies, combined with increased marketing costs.

You've got to hand it to them. Love 'em or loath 'em, they are very good at adapting to a changing market and are offering punters a reasonable range of products. It may not be the top end of the pub offerings, but my local (city centre) JDW is often jammed packed with all ages spending money.