PATRICK COFFEY | LIBERUM CAPITAL
Despite JD Wetherspoon’s investment for the future, we believe the company’s valuation is inconsistent with a sector under pressure from rising costs and macro-uncertainty... We reiterate our “sell” recommendation.
PAUL HICKMAN | PEEL HUNT
Posting a good second quarter result shows Wetherspoon robustly on course for our modest earnings growth expectation, with a 53-week year compensating for margin... We remain committed buyers decline.
PAUL LEYLAND | INVESTEC
Wetherspoon's second quarter outcome is slightly ahead of expectations. We see this as a resilient performance, albeit against relatively weak snow related comparatives... Wetherspoon remains our key pick in the pub sector.