Sales flat at JD Wetherspoon

Start a new threadBy Ewan Turney , 04-Nov-2009

Related topics: General News, Company & City News

JD Wetherspoon: opened seven pubs in the quarter

JD Wetherspoon: opened seven pubs in the quarter

JD Wetherspoon has reported a small increase in like-for-like sales for the 13 weeks to 25 October.

 

The managed operator reported a 0.3% uplift in like-for-likes with total sales up 4.5% on last year.

 

"The same period last year involved a higher level of marketing expenditure, including the distribution of money-off vouchers to most households in the UK," it said.

 

Wetherspoon repaid its US$140m (£87m) private placement on 30 September from cash flow and remaining facilities.

 

It plans to commence formal discussions for the refinancing of its main £45m facility, which expires in December 2010, by the end of this calendar year.

 

JDW opened seven new pubs in the quarter and it remains on target to open 40 by the end of the year.

 

"We remain confident of the Company's prospects for the financial year ending July 2010," it said.

Find us on Facebook

Spotlight

Q&A: New pub food allergy requirements

Q&A: New pub food allergy requirements

Whether or not you serve food in your pub, the balance between your culinary and administration skills...

Master and apprentice: Mike Clist & Tom Davies
Feature

Master and apprentice: Mike Clist & Tom Davies

For two of the winners at the Publican Awards earlier this year, being recognised as the best...

Craft cider: the new craft beer?

Craft cider: the new craft beer?

As the craft-cider movement follows the craft-beer movement, we begin to see parallels in its development. Pete...

Legal guide: Staff tattoos

Legal guide: Staff tattoos

Employees who have tattoos cannot be treated differently or face disciplinary action just for having body markings....

Follow us on