J D Wetherspoon plc (JDW.L), on Wednesday, issued Q3 trading update and reported 9.1% growth in like-for-like sales compared to the same period in the last full financial year before the pandemic, which ended on 28 July 2019. Year-to-date sales increased by 6.4% compared to the same year.
As at 30 April 2023, net debt was £738 million, about £67 million lower than the reported figures in the company's interim results for FY20, immediately before the pandemic - since then, the company has invested £185 million in new pubs and freehold reversions and has raised equity of about £240 million.
Further, the company noted that it expects profits in the current financial year to be towards the top of market expectations.
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