Pub chain J D Wetherspoon flags slower recent sales growth, backs outlook

JD Wetherspoon Reports Slower Sales Growth but Confirms 2027 Profit Outlook

JD Wetherspoon Sales and Profit Performance Update

Sales Growth Overview

Nov 4 (Reuters) - British pub chain JD Wetherspoon said on Wednesday like-for-like sales rose 8.2% in the 14 weeks to November 1, though growth slowed in the latest five weeks, and it remained comfortable with market expectations for the year.

Recent Sales Trends

• The pub operator, known colloquially as Spoons, said like-for-like sales growth eased to 7.5% in the most recent five weeks from 8.6% in the preceding nine weeks

Management Commentary

• Chairman Tim Martin said the company was comfortable with current market expectations

Financial Year Outlook

• “The company has had a good start to the financial year. There are still three quarters to go and profit forecasts are very dependent on the level of sales growth," said Martin

Profit Forecasts

Analysts' Consensus for 2027

• The analysts' consensus profit estimate for fiscal 2027, compiled by the company, is £76.4 million ($102.8 million) for a 53-week year, compared with profit of £77.7 million in fiscal 2026, on an adjusted basis

Exchange Rate Information

($1 = 0.7433 pounds)

Reporting Credits

(Reporting by Ankita Bora in Bengaluru; Editing by Jochelle Mendonca)