IS JD WETHERSPOON LOSING MOMENTUM?
SIMON FRENCH | PANMURE GORDON
“We believe the group is well positioned to deliver meaningful like-for-like sales growth in the fourth quarter given recent price increases and the World Cup.”
CHARLIE MENEGATOS | ACCENDO MARKETS
“While the progress reported by Wetherspoons is on track and shows progress in growth and sales, we believe investors may take profits in the short term.”
HUGH-GUY LORRIMAN | SEYMOUR PIERCE
“Based on the trading update we are not changing our forecasts, which are at the lower end of the range for 2010 and 2011.”
MARK BRUMBY | LANGTON CAPITAL
“Overall, Wetherspoon is tremendously well-placed but there are some notes of caution here. Like-for-like sales have fallen into negative territory.”