Wetherspoon Shares Jump on Sales Growth
British pub chain J D Wetherspoon reported higher sales driven by warm weather, pushing shares to a multi-year high. However, the company cautioned that rising costs and normalising weather patterns present ongoing challenges.
Xurve View
Insights:
Xurve View
WETHERSPOON (J.D.) PLC shares jumped over 7% to a 4-1/2 year high on Friday morning after reporting an 8.6% rise in like-for-like sales. The rally comes despite the United Kingdom pub chain posting a 28% drop in annual pretax profit to £58.6 million.
