logo
Plus   Neg
Share
Email

JD Wetherspoon H1 Pretax Profit, Before Exceptional Items, Rises - Quick Facts

Wetherspoon (JD) plc (JDW.L) reported profit before tax of 42.0 million pounds for the 26 weeks ended 26 January 2020, down 13.7% from prior year. Earnings per share was 29.8 pence, including shares held in trust, compared to 36.0 pence. After exceptional items (post-IFRS 16), profit before tax was 35.7 million pounds for the 26 weeks ended 26 January 2020, and earnings per share (including shares held in trust) was 25.0 pence.

Before exceptional items (pre-IFRS 16), profit before tax was 57.9 million pounds, an increase of 15.2% from prior year; and earnings per share (including shares held in trust) was 43.3 pence, compared to 37.4 pence. Before exceptional items (post-IFRS 16), profit before tax was 51.6 million pounds, for the 26 weeks ended 26 January 2020, and earnings per share (including shares held in trust) was 38.5 pence.

First half revenue was 933.0 million pounds, an increase of 4.9% from prior year. Like-for-like sales were up 5.0%, for the period.

"In the following week, to 15 March, sales declined by 4.5%. In the early part of the current week, following the Prime Minister's advice to avoid pubs, sales have declined at a significantly higher rate," Tim Martin, Chairman of J D Wetherspoon plc, said.

In view of current uncertainty, the board has decided to cancel the interim dividend. Also, the company has decided to delay most capital projects and to reduce expenditure.

For comments and feedback contact: editorial@rttnews.com

Business News

RELATED NEWS
Follow RTT