All JD Wetherspoon articles – Page 11
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NewsShare of visits and average spend up at leading pub brands
The total share of pub visits and average spend increased at every day part in Q4 2019, MCA’s Pub Brand Monitor reveals.
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NewsSteve Gotham: Recovering confidence and and accelerating growth in 2020
Encouragingly for most, MCA predicts that 2020 will see stronger net physical increases in store portfolios across the majority of leading operators.MCA’s Operator Data Index includes over 350 branded operators with five or more outlets at December 2019. These stretch across the full spectrum of the market and account for close to 27,000 outlets which claimed modest overall year on year growth of just under 1% in 2019. We are expecting this growth rate to double to 2% in December 2020, with over 500 net new outlets to open, equating to 11 per week.
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Analysis & InsightA stock-take on physical expansion
A stock-take on physical expansion – Review of 2019 risers and fallers
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NewsRetailers’ Retailer full nominees list revealed
The finalists for MCA’s Retailers’ Retailer Awards 2020 have been announced, with the cohort reflecting a diverse and vibrant range of eating and drinking out operators.
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NewsPaying Tribute
Having joined the company as an apprentice in 1980, St Austell Brewery’s CEO James Staughton officially bows out on 31 January after an impressive four decades at its helm. Here, he shares a slice of his Cornish past with Stuart Stone and chews over his hopes for the future
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NewsWetherspoon HY like-for-likes up 5%
J D Wetherspoon is in a “sound financial position,” according to its second quarter business update released today.
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Analysis & Insight
Goodbody on Coffer Peach
The Coffer Peach data for the key 6 week Christmas trading period was released this morning. Sector like for likes were up 2.5%. Both Pubs and Restaurants saw a good LFL trading performance with restaurants +2.3% and pubs +2.7%. Within this wet led pubs slightly outperformed food led. Total sales growth for the cohort was +5.4%. The tracker added a new data point for bars which saw strong growth of 3.9%. The director of Coffer Corp leisure noted that “there is a post election sense of optimism”.
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NewsHearing the voice of Wetherspoon man
What can business expect from Boris Johnson’s new administration, bolstered as it is by a solid majority and heading full tilt forwards Brexit?
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Analysis & InsightBeating the January blues
There is an easy logic behind the third Monday in January being the most depressing day of the year, despite the underpinning research coming under question.
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Analysis & InsightAnd the 2019 consumer award winners are…
While we are in the midst of the entertainment awards season it would be most neglectful not to extend this to the worlds of foodservice and hospitality.
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NewsGotham’s Christmas-ish Quiz!
It’s the week before Christmas and I hope many thresholds are being crossed, multiple tipples downed and that tills are ringing out! For my part, I have been thinking about what sort of Christmas present to get lucky readers – I have been racking my mind and the best I can do is the joy of a quiz!
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Analysis & InsightGoodbody on Coffer Peach and 2020; Peel Hunt on Just Eat
Goodbody says the UK restaurant sector is still facing the dual headwinds of chronic oversupply and cost inflation, while Peel Hunt say Prosus’ latest offer for Just Eat ”significantly increases deal certainty”.
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NewsWetherspoons makes £200m pre-election spending pledge
Wetherspoons has announced it will invest more than £200m into its pub estate over the next four years.
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OpinionAnalysts’ verdict: Berenberg on Mitchells & Butlers
Mitchells & Butlers shares are due a “pause for breath” believes analyst Berenberg.
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NewsLow price champions
Given the prevailing weak outlook for consumer confidence, it seems inevitable that more risk averse and belt-tightening behaviours will come to the fore.
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NewsTim Martin re-elected to JDW board with 98% shareholder approval
JD Wetherspoon chairman Tim Martin has been re-elected with the support of more than 98% of shareholders.
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OpinionChange is happening everywhere
Seismic shifts are sweeping through the sector thanks to a combination of M&A, technological developments and consumer behaviour. Who knows what’s going to happen next?
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OpinionAnalysts’ verdict: JD Wetherspoon
Analysts at JP Morgan Cazenove and Goodbody share their reactions to the latest trading update from JD Wetherspoon and how it’s impacted their forecasts.
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NewsWetherspoon sales up 5.6%
Wetherspoons has reported a sales uplift for the 13 weeks to 27 October 2019. Like-for-like sales increased by 5.3% and total sales by 5.6%. Wetherspoons has opened one new pub since the start of the financial year and has disposed of four.
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NewsMcMullen sees overall growth of 7% in latest financial year
McMullen & Sons has achieved total revenue growth of around 7.5% for the financial year ended September 2019, MCA can reveal.