5 November 2014
Q1 Interim Management Statement
Like-for-like sales increased by 5.5%, with total J D Wetherspoon plc (‘J D Wetherspoon’ or ‘the Company’) announces its interim management statement for the period up to 4 November 2014, incorporating the 13-week period to 26 October 2014, as required by the FCA’s Disclosure and Transparency Rules.
For the 13 weeks to 26 October 2014, like-for-like sales increased by 6.3%, and total sales increased by 11.3%. Sales were good through August and September, but like-for-like growth decreased in October.
The operating margin in the period was 7.7%, compared with 8.3% in the same period last year. In October, the Company increased pay for hourly paid staff by 5%, while utility costs increased by about 4%. In addition, during the period, there have been several cost increases from suppliers.
|AGM||13 November 2014|
|Q2 Interim Management Statement||21 January 2015|