JD Wetherspoon shares up on sales growth

0 mins. to read
JD Wetherspoon shares up on sales growth
Frantisekf / Shutterstock.com
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The price of shares in FTSE 250 pub landlord JD Wetherspoon (LON:JDW) has risen by 2.91% to 1,449p (as of 11:25 BST) after it said that like-for-like sales for the year to date were up by 6.7%. The company has opened five new pubs during the year ending 28th July and closed nine with no further changes in the portfolio expected before the close of the period.

However, the company is expecting to book a £3 million non-cash loss as the balance sheet value of its disposed pubs was above what was realised in the sale process.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *