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Wetherspoon (JD) PLC - Business Update

RNS Number : 9579F
Wetherspoon (JD) PLC
12 March 2020
 

12 March 2020

 

J D WETHERSPOON PLC

 

BUSINESS UPDATE

 

As a result of an unusually high number of media and shareholder enquiries during our 'closed period', the Company is today issuing a brief sales update in advance of our Interim trading statement which will be published as scheduled on 20 March 2020.

In the six weeks to 8 March 2020, like-for-like sales increased by 3.2% and total sales by 2.9%. In the period, we estimate that sales have been more adversely affected by poor weather than by the health scare.

As of today, and the situation might change, we are not aware that any of our 43,000 staff has tested positive for COVID-19.

Our outlook for this financial year is, currently, unchanged.

 

ENDS.

 

Enquiries:

John Hutson                      Chief Executive Officer                   01923 477777

Ben Whitley                       Finance Director                             01923 477777

Eddie Gershon                   Company Spokesman                    07956 392234

 

Notes to editors:

1.    J D Wetherspoon owns and operates pubs throughout the UK. The Company aims to provide customers with good-quality food and drink, served by well-trained and friendly staff, at reasonable prices. The pubs are individually designed, and the Company aims to maintain them in excellent condition.

2.    Visit our website: www.jdwetherspoon.com

3.    This announcement has been prepared solely to provide additional information to the shareholders of J D Wetherspoon, to meet the requirements of the FCA's Disclosure and Transparency Rules. It should not be relied on by any other party, for any other purposes. Forward-looking statements have been made by the directors in good faith, using information available up until the date on which they approved this statement. Forward-looking statements should be regarded with caution, because of the inherent uncertainties in economic trends and business risks.

4.    This announcement contains inside information on J D Wetherspoon plc.

5.    The current financial year comprises 52 trading weeks to 26 July 2020.

6.    The next trading update is expected to be the Company's interim results statement on 20 March 2020.

 


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Quick facts: JD Wetherspoon

Price: 1137

Market: LSE
Market Cap: £1.37 billion
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