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J D Wetherspoon Reports Sales Growth and Expansion Plans

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J D Wetherspoon Reports Sales Growth and Expansion Plans

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J D Wetherspoon ( (GB:JDW) ) has provided an announcement.

J D Wetherspoon reports a 5.1% increase in like-for-like sales over the past 12 weeks and year-to-date, with plans to open 15 new managed pubs and an equal number of franchised pubs in the next financial year. The company has seen a recovery in sales volumes post-pandemic, with significant growth in wine, spirits, and draught volumes, and a notable increase in food sales, particularly breakfasts and chicken dishes, surpassing pre-pandemic levels.

The most recent analyst rating on (GB:JDW) stock is a Hold with a £740.00 price target. To see the full list of analyst forecasts on J D Wetherspoon stock, see the GB:JDW Stock Forecast page.

Spark’s Take on GB:JDW Stock

According to Spark, TipRanks’ AI Analyst, GB:JDW is a Neutral.

J D Wetherspoon’s stock is on a recovery path with improving financial performance and robust technical indicators. The company’s strategic buybacks and director share acquisitions reflect management’s confidence, boosting its potential for growth. However, high leverage and moderate profitability present some risk.

To see Spark’s full report on GB:JDW stock, click here.

More about J D Wetherspoon

J D Wetherspoon owns and operates pubs throughout the UK and Ireland, focusing on providing good-quality food and drink at reasonable prices. The company emphasizes well-trained staff and individually designed pubs maintained in excellent condition.

Average Trading Volume: 369,442

Technical Sentiment Signal: Buy

Current Market Cap: £823.8M

See more insights into JDW stock on TipRanks’ Stock Analysis page.

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