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J D Wetherspoon ( (GB:JDW) ) just unveiled an announcement.
J D Wetherspoon’s latest trading update reveals a 5.1% increase in like-for-like sales for the 25 weeks ending January 19, 2025, compared to the previous year, with notable gains in bar, food, and slot machine sales, although hotel room sales declined. Despite these positive sales figures, the company faces challenges with rising labor costs due to government-mandated wage increases, which disproportionately affect pubs compared to supermarkets. Wetherspoon’s chairman, Tim Martin, criticizes the VAT disparity between pubs and supermarkets, arguing it leads to unfair competition and a decline in pub beer volumes.
More about J D Wetherspoon
J D Wetherspoon is a prominent operator of pubs across the UK and Ireland, focusing on providing good-quality food and drink at reasonable prices with well-trained and friendly staff. The company emphasizes individual pub design and maintenance.
YTD Price Performance: 1.75%
Average Trading Volume: 687,487
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £734.8M
For an in-depth examination of JDW stock, go to TipRanks’ Stock Analysis page.
