Trading Statement

Wetherspoon (JD) PLC 17 July 2007 JD WETHERSPOON PLC PRE YEAR-END TRADING UPDATE FOR IMMEDIATE RELEASE 18 July 2007 Current Trading For the first 11 weeks of the fourth quarter (to 15 July 2007) like-for-like sales increased by 4.9%. Year-to-date (50 weeks to 15 July 2007) like-for-like sales increased by 5.8%, with overall Company sales up by 6.9%. Non-Smoking Pubs Scottish pubs have been non-smoking for over a year, Northern Ireland and Wales became non-smoking in April 2007 and England in July 2007. As previously indicated, the change to non-smoking has led to strong growth in food sales allied to a slow-down in bar sales. Whereas this may have an initial impact on margins, we believe that this legislation has resulted in pubs becoming more attractive to the majority of customers. Our total like-for-like sales have continued to grow in all countries as a result of the beneficial impact on food sales. Property The financial year so far has seen the opening of 15 new pubs and the disposal of 3. Another 3 pubs will open in the remainder of this financial year and we currently have an additional 10 pubs already on site for opening in the new financial year. The financial year to July 2008 is expected to see the opening of about 30 new pubs. 2007 Outlook The last quarter (to date) has seen reasonably good like-for-like sales and a relatively high level of expenditure in connection with the implementation of our non-smoking plans. Our expectations for the financial year are unaltered. 2008 Outlook The outlook for 2008 involves more uncertainty than usual, in the light of the smoking ban, although the Company has been encouraged by the sales performance in the relevant areas so far. Cost inflation is anticipated to be in line with our expectations, with increases in interest rates and minimum wage offset by a reduction in energy costs. Provided these sales patterns continue, a reasonable outcome is anticipated. Enquiries: John Hutson Chief Executive 01923 477777 Jim Clarke Finance Director 01923 477777 Eddie Gershon Company Spokesman 0208 352 5012/ 07956 392234 Visit our web site at www.jdwetherspoon.co.uk Notes to editors 1. The full year results announcement will be released on 7 September 2007. 2. This document may contain certain 'forward-looking' statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual outcomes and results may differ materially from any outcomes or results expressed or implied by such forward-looking statements. Any forward-looking statements made by or on behalf of JD Wetherspoon speak only as of the date they are made and no representation or warranty is given in relation to them, including as to their completeness or accuracy or the basis on which they were prepared. JD Wetherspoon does not undertake to update forward-looking statements to reflect any change in JD Wetherspoon's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings