J D Wetherspoon plc Reports Sales Results for the Third Quarter and Year to Date Ended April 24, 2016; Provides Sales Guidance for the Fiscal Year 2016
Total sales increased by 5.5%. Year to date like-for-like sales have increased by 3.2% and total sales have increased by 5.9%.
Sales during the quarter have continued at approximately the same levels reported on 11 March 2016 in interim statement. The company is aiming for a reasonable outcome for the financial year, before the impact of the previously announced £3.8 million property gain realised in the first 6 months. Net debt at the end of this financial year is currently expected to be around £650 million.