BAYLIS
- 17 Jan 2008 13:06
tabasco
- 07 Sep 2008 10:21
- 81 of 267
It may not be gas pressured out of a kegbut I doubt whether it passes all the necessary requirements to be called genuine real aleWife had chlorine in her Cokeexchanged for hot milksorry coffee! and my real ale? was warm on our last visitwhich will be our last visit!Sorry XSTEFFX run by students.for studentshave you seen their flats? What do you reckon the beer cellars are like? A place to give the swerve!
XSTEFFX
- 07 Sep 2008 13:07
- 82 of 267
WHATS THE PUB CALLED AND WHERE IS IT, CHEERS.
tabasco
- 07 Sep 2008 15:47
- 83 of 267
XSTEFFX.Maidstone High Street if I remember right.when I see JD walking down the streetI tend to cry.. each time I meet.I just walk on by......walk on by!!!
hlyeo98
- 07 Sep 2008 23:35
- 84 of 267
Sales in JD Wetherspoon declines - MoneyAm
Pubs operator JD Wetherspoon, which has nearly 700 pubs in the UK, this morning reported an 11% tumble in full-year pretax profit, in-line with the consensus forecast, as the smoking ban and slowdown in consumer spending impacted sales.
The group made an adjusted pretax profit of 55m in the year to July 27th, in line with the consensus forecast.
UK pubs have been hit hard by last year's smoking ban, rising costs, declining consumer spending, and cheap alcohol offers in supermarkets, with the difficult trading environment exacerbated by poor summer weather.
Since the smoking ban came into force on July 1st last year, Wetherspoon has seen strong growth in food sales and a decline in bar sales. Nearly a third of revenues now come from food, with a further third coming from drinks ordered alongside food.
Total sales increased by 2.1% to 907.5m during the year. Like-for-like food sales rose by 7.9%, while comparable bar sales were down 4.3%, resulting in an overall like-for-like sales decline of 1.1%.
In the five weeks to August 31st, like-for-like sales increased by 1.1%.
Chairman and founder Tim Martin said that, in common with many pub and restaurant businesses, the company is expecting a considerable increase in energy, food, labour, and tax costs in the current year.
He said Wetherspoon will need a like-for-like sales increase of about 3% this year to offset that.
Martin has called for beer duty to be held at current levels for the next five years to encourage drinkers back into Britain's beleaguered pubs.
He also demanded that legislation granting bar staff increased statutory holiday entitlements be scrapped.
'We've already got the highest excise duty in Europe for beer. I want a moratorium for five years,' Martin said in a telephone interview.
'No more tax increases until we're on a par with other countries and no more self regulation that passes costs onto business like the 5m we're paying this year for extra holidays which not one of my staff has ever asked for,' he added.
Martin said the pub industry, in common with many other businesses, has been strongly affected by increases in tax and regulation in recent years.
In the current year, he reckons increases in excise duty on alcoholic drinks, minimum wage related costs and the increased statutory holiday entitlements will cost Wetherspoon an extra 16m in costs.
XSTEFFX
- 16 Sep 2008 21:10
- 85 of 267
XSTEFFX
- 19 Sep 2008 21:53
- 86 of 267
NICE DAY FOR A DRINK
hlyeo98
- 22 Sep 2008 12:57
- 87 of 267
Sell at 315p now.
XSTEFFX
- 24 Sep 2008 21:48
- 88 of 267
GOOD CALL
XSTEFFX
- 01 Oct 2008 20:33
- 89 of 267
WHAT DO YOU THINK
mitzy
- 14 Oct 2008 09:24
- 90 of 267
Ironically enough probably one of the best recovery stocks.
XSTEFFX
- 05 Nov 2008 20:33
- 91 of 267
next trading update on 20th January 2009.
XSTEFFX
- 15 Dec 2008 11:03
- 92 of 267
XMAS DINNER SALES UP BEST EVERY.
skinny
- 02 Jan 2009 08:09
- 93 of 267
Press announcement (Wetherspoon (JD)
RNS Number : 9453K
Wetherspoon (JD) PLC
02 January 2009
FOR RELEASE AT 7.00AM, 2 JANUARY 2009
JD WETHERSPOON PLC
2 JANUARY 2009
JD Wetherspoon plc has announced that, from 5 January 2009, it would reduce the price of
five drinks at its pubs across the UK. In
addition, it would offer five different meals at all times for 2.99 per meal.
JD Wetherspoon will release a pre-close trading statement on 20 January 2009.
Commenting on the announcement, John Hutson, Chief Executive, said:
"We are offering leading brands of drinks at excellent prices and the five meals offer
outstanding quality and value."
ENDS
XSTEFFX
- 07 Jan 2009 17:01
- 94 of 267
GREEN KING IPA 99p, CHEERS
BAYLIS
- 13 Jan 2009 17:11
- 95 of 267
Its to cheap, low magins low profit.
skinny
- 20 Jan 2009 07:27
- 96 of 267
Pre-Close Statement (Wetherspoon (JD)
TIDMJDW
RNS Number : 9068L
Wetherspoon (JD) PLC
20 January 2009
?
JD WETHERSPOON PLC
20 January 2009
PRE-CLOSE STATEMENT
JD Wetherspoon plc ("JD Wetherspoon" or the "Company") announces an update on
current trading prior to entering its close period for its interim results for
the six months ending 25 January 2009, which are expected to be announced on 13
March 2009.
Current Trading
For the first 12 weeks of the second quarter (to 18 January 2009), like for like
sales increased by 2.6%, compared to 1.5% growth in the first quarter (to 26
October 2008). In the year to date (25 weeks to 18 January 2009), like for like
sales have increased by 2.0% and total Company sales, including recently opened
pubs, increased by 6.5%. For the 6 week Christmas trading period (from 1
December 2008 to 11 January 2009), like for like sales growth was 3.7%. Sales
in the last two weeks of trading to 18 January 2009 have shown LFL increases of
6.4%
We expect operating margins for the half year ending 25 January 2009 to be
approximately 1% lower than the same period last year and in line with those in
the second half of last year.
Financing
The Company remains in a sound financial position. The strength of our cashflow
is demonstrated by a reduction in our borrowings of approximately GBP20m over
the last twelve months, after accounting for the opening of 34 new pubs, paying
dividends of GBP17m, and funding GBP6m of share buybacks.
The Company's US$140m private placement is due for renewal in September 2009. In
the light of current uncertainty in the credit markets, the Board has decided to
reduce substantially capital expenditure on new openings and to cancel future
dividend payments in order to ensure the repayment of the private placement from
cash flow and existing facilities. In normal conditions, a refinancing of the
private placement on attractive terms could be relied upon, given our financial
performance. However, in the present economic climate, a refinancing cannot be
taken for granted and the Board therefore feels that the measures described
above are prudent in the circumstances. We will continue to monitor the
situation.
Property
We have opened 21 new pubs so far this financial year and disposed of one pub,
bringing the current number of pubs to 714. We anticipate opening a further 12
pubs by July 2009. A considerable number of new openings this year have been
purchased from receivers and both rents and development costs are substantially
lower than historic trends.
Outlook
Our sales performance and cash flow have proved to be extremely resilient in the
current economic environment and a number of cost increases experienced during
2008 are starting to abate. For example, the Company has recently agreed a new
electricity supply contract from February to September 2009, which is
approximately half the rate per megawatt of the previous contract from October
2008 to January 2009. As a result of these encouraging circumstances, we remain
confident of the Company's prospects for the financial year ending July 2009.
mitzy
- 20 Jan 2009 14:25
- 97 of 267
Good call here fellas.
XSTEFFX
- 04 Feb 2009 20:32
- 98 of 267
IS IT TIME TO TAKE A PROFIT.
mitzy
- 04 Feb 2009 21:14
- 99 of 267
I would have thought the opposite its a buy imo.
XSTEFFX
- 05 Feb 2009 11:31
- 100 of 267
UP AGAIN TODAY SO FAR.