Wetherspoon (JD) PLC
23 January 2007
JD WETHERSPOON PLC
TRADING UPDATE
24 January 2007
Current Trading
For the first 12 weeks of the second quarter (to 21 January 2007), like-for-like
sales increased by 5.5%. Year-to-date (25 weeks to 21 January 2007)
like-for-like sales have increased by 7.5%, with overall Company sales up by
8.3%.
Margins for the period were ahead of last year with strong like-for-like sales
compensating for higher energy and labour costs.
Property
We opened 8 pubs in the period and completed the disposal of 3. In the current
financial year, we anticipate increasing the number of openings to 20 compared
with 9 last year, with the number increasing to approximately 30 next year.
Non-Smoking Pubs
The 61 pubs outside Scotland which have opened as non-smoking pubs, or have been
converted to non-smoking pubs, continued to show an improvement in sales
performance in the period.
The 39 Scottish pubs have continued the positive sales performance reported in
our first quarter trading update on the 2 November 2006. Like-for-like sales for
these pubs in the 12 weeks to 21 January 2007 were 3.9% with year to date
like-for-like sales of 4.9%.
Outlook
Overall the performance in the first half has been strong, although
like-for-like sales in January have shown lower growth than in previous months
of the year.
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
This information is provided by RNS
The company news service from the London Stock Exchange
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