Wetherspoon (JD) PLC
29 April 2004
JD WETHERSPOON PLC
Press Release
29 April 2004
THIRD QUARTER TRADING UPDATE
Current Trading
Like-for-like sales for the third quarter of our financial year, the thirteen
weeks ended 25 April 2004, increased by 3.7% (year to date 4.5%). Overall sales
increased by 6.5% (year to date 9.4%). Our year-to-date profit performance
continues to reflect the impact of previously highlighted cost pressures.
Property
During the third quarter we opened 9 pubs bringing the year to date number of
openings to 17, in line with our expectations. As previously indicated, we sold
10 pubs during the first half of the current financial year and have identified
a further 10 for disposal. Discussions on the second group of pubs are
progressing satisfactorily.
Outlook
As a result of a slight reduction in like-for-like sales growth, our current
expectation is that profits for the financial year could be around the lower end
of analysts' expectations, depending on the like-for-like sales performance to
the financial year-end and the possible impact of the Euro 2004 football
championship.
Enquiries:
Jim Clarke Finance Director 01923 477777
Eddie Gershon Company Spokesman 0208 352 5012/
07956 392234
Visit our web site at www.jdwetherspoon.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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