On Markets & Investing

JD Wetherspoon - latest thoughts post H1 24 interim results [PREMIUM]

a variety of beers and wine glasses on a table
24 March 2024
As with all of my investments, I use quarterly and interim results to look for signs that the businesses are on the right track and their investment case holds. Alternatively, if results point to declining sales and/or profits, my goal is to understand if the drivers behind the weakness are temporary or permanent. Whether earnings were ahead or below consensus estimates makes little difference.

JD Wetherspoon is a good case in point.

On 22 March 2024, the company reported interim results for 26 weeks to 28 January 2024 (H1 FY-24).