Announcement • Mar 20
J D Wetherspoon plc Declares Interim Dividend for the 26 Weeks Ended 25 January 2026, Payable on 4 June 2026 J D Wetherspoon plc declared an interim dividend of 4.0 pence (2025: 4.0 pence) per share for the 26 weeks ended 25 January 2026. The interim dividend will be paid on 4 June 2026 to shareholders who are on the register of members at close of business on 8 May 2026 (the Record Date). Announcement • Jan 12
J D Wetherspoon plc Announces Appointment of John Herring as Non-Executive Director and Chair of Audit Committee, Effective January 12, 2026 J D Wetherspoon plc announced the appointment of John Herring as a non-executive director of the Company with immediate effect. He will become chair of the audit committee. John is a qualified Chartered Accountant and in 1986, joined the corporate finance department of Kleinwort Benson, where he was involved in the IPOs on the London Stock Exchange for several companies, including that of JD Wetherspoon plc. In 1996 he established his own private equity advisory business and has acted as a non-executive director on the boards of several public and private companies, including JD Wetherspoon plc from 1997 to 2011, the restaurant company, Hawksmoor Limited and sandwich shop chain, Eat Limited. He is currently non-executive chairman of Ceiba Investments Limited. John Herring has had the following directorships in publicly quoted companies during the previous five years: 2018 to date - non-executive chairman of Ceiba Investments Limited (Prior to 2018 he was a non-executive director of the company from 2009. The company listed in 2018). Announcement • Oct 29
J D Wetherspoon plc, Annual General Meeting, Nov 20, 2025 J D Wetherspoon plc, Annual General Meeting, Nov 20, 2025. Location: etc venues, 50 52 chancery lane, wc2a 1hl, london United Kingdom Announcement • Oct 03
J D Wetherspoon plc Proposes Final Dividend for the Year Ended 27 July 2025, Payable on 27 November 2025 J D Wetherspoon plc board proposed, subject to shareholders' consent at the annual general meeting, to pay a final dividend of 8.0 pence (2024: 12.0 pence) per share for the year ended 27 July 2025, on 27 November 2025, to those shareholders on the register on 24 October 2025, resulting in a total dividend for the year of 12.0 pence per share (2024: 12.0 pence). Announcement • Mar 21
J D Wetherspoon plc Declares Interim Dividend for Financial Period Ending 26 January 2025, Payable on 30 May 2025 The board of J D Wetherspoon plc declared an interim dividend of 4.0 pence per share for the current interim financial period ending 26 January 2025 (2024: nil). The interim dividend will be paid on 30 May 2025 to those shareholders on the register at 1 May 2025. Announcement • Jan 22
J D Wetherspoon plc to Report First Half, 2025 Results on Mar 21, 2025 J D Wetherspoon plc announced that they will report first half, 2025 results on Mar 21, 2025 Board Change • Dec 30
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 3 independent directors (7 non-independent directors). Senior Independent Non-Executive Director Ben Thorne was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 29
J D Wetherspoon plc, Annual General Meeting, Nov 21, 2024 J D Wetherspoon plc, Annual General Meeting, Nov 21, 2024. Location: etc venues, 50 52 chancery lane, wc2a 1hl, london United Kingdom Upcoming Dividend • Oct 17
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 24 October 2024. Payment date: 28 November 2024. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.9%). New Risk • Oct 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Significant insider selling over the past 3 months (€12m sold). Reported Earnings • Oct 06
Full year 2024 earnings released: EPS: UK£0.41 (vs UK£0.47 in FY 2023) Full year 2024 results: EPS: UK£0.41 (down from UK£0.47 in FY 2023). Revenue: UK£2.04b (up 5.7% from FY 2023). Net income: UK£48.8m (down 18% from FY 2023). Profit margin: 2.4% (down from 3.1% in FY 2023). The decrease in margin was driven by higher expenses. Same store sales growth: 7.6% vs FY 2023 Total stores: 800 (down by 26 from FY 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jul 30
Executive Chairman recently sold €12m worth of stock On the 26th of July, Timothy Martin sold around 1m shares on-market at roughly €8.75 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Timothy's only on-market trade for the last 12 months. Announcement • May 09
J D Wetherspoon plc Provides Earnings Guidance for the Year Ending July 28, 2024 J D Wetherspoon plc provided earnings guidance for the year ending July 28, 2024. For the year, sales in the period continued the steady recovery from the pandemic. The company expects profits in the current financial year to be towards the top of market expectations. New Risk • Apr 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Reported Earnings • Mar 24
First half 2024 earnings released: EPS: UK£0.15 (vs UK£0.29 in 1H 2023) First half 2024 results: EPS: UK£0.15 (down from UK£0.29 in 1H 2023). Revenue: UK£991.0m (up 8.2% from 1H 2023). Net income: UK£18.6m (down 50% from 1H 2023). Profit margin: 1.9% (down from 4.0% in 1H 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to €9.64. The fair value is estimated to be €7.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 8.2% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.10, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Hospitality industry in Europe. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.42 per share. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. New Risk • Oct 09
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Oct 06
Full year 2023 earnings released: EPS: UK£0.47 (vs UK£0.15 in FY 2022) Full year 2023 results: EPS: UK£0.47 (up from UK£0.15 in FY 2022). Revenue: UK£1.92b (up 11% from FY 2022). Net income: UK£59.6m (up 209% from FY 2022). Profit margin: 3.1% (up from 1.1% in FY 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jul 12
J D Wetherspoon plc to Report Fiscal Year 2023 Results on Oct 06, 2023 J D Wetherspoon plc announced that they will report fiscal year 2023 results on Oct 06, 2023 Recent Insider Transactions • May 15
Key Executive recently sold €161k worth of stock On the 12th of May, John Hutson sold around 18k shares on-market at roughly €8.96 per share. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. John has been a net seller over the last 12 months, reducing personal holdings by €161k. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €9.47, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 19x in the Hospitality industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.22 per share. Board Change • Apr 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Senior Independent Director Ben Thorne was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 28
First half 2023 earnings released First half 2023 results: Net income: UK£36.9m (up UK£48.4m from 1H 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €7.75, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Hospitality industry in Europe. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.22 per share. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.95, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Hospitality industry in Europe. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.29 per share. Recent Insider Transactions • Feb 03
Chairman recently bought €13m worth of stock On the 1st of February, Timothy Martin bought around 3m shares on-market at roughly €5.16 per share. This transaction amounted to 9.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Timothy's only on-market trade for the last 12 months. Announcement • Feb 03
Tim Martin acquired a 2.050473% stake in J D Wetherspoon plc for £11.9 million. Tim Martin acquired a 2.050473% stake in J D Wetherspoon plc for £11.9 million on February 1, 2023.
Tim Martin completed the acquisition of a 2.050473% stake in J D Wetherspoon plc on February 1, 2023. Announcement • Jan 25
J D Wetherspoon plc to Report First Half, 2023 Results on Mar 24, 2023 J D Wetherspoon plc announced that they will report first half, 2023 results on Mar 24, 2023 Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Senior Independent Director Ben Thorne was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 05
J D Wetherspoon plc Announces Retirement of Su Cacioppo Retired as Personnel and Legal Director J D Wetherspoon plc confirms that Su Cacioppo retired from her role as Personnel and Legal Director on 7th October 2022. Su Cacioppo will continue to provide part-time consultancy services to the company for an initial period of 12 months. Announcement • Nov 04
J D Wetherspoon plc Announces Executive Changes JD Wetherspoon plc announces that Ben Thorne has been appointed by the board as chair of the Company's Nomination Committee in place of Sir Richard Beckett who retires from the board on 17th November 2022. Announcement • Oct 20
J D Wetherspoon plc, Annual General Meeting, Nov 17, 2022 J D Wetherspoon plc, Annual General Meeting, Nov 17, 2022. Location: etc.venues, 50-52 Chancery Lane London United Kingdom Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorated over the past week After last week's 23% share price decline to €4.82, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Hospitality industry in Europe. Total loss to shareholders of 73% over the past three years. Reported Earnings • Oct 08
Full year 2022 earnings released Full year 2022 results: Net income: UK£19.3m (up UK£200.3m from FY 2021). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Hospitality industry in Germany. Announcement • Oct 07
J D Wetherspoon plc Announces Board Changes Su Cacioppo is retiring from J D Wetherspoon plc's board on October 7, 2022, after 31 years with the company. Su started as a pub manager in 1991, then became an area manager, before eventually becoming the board director responsible for the personnel, legal and marketing departments in 2008. Sir Richard Beckett KC is also retiring from the board at this year's AGM, after 13 years as a non-executive director of the company, latterly as head of the nominations committee. Announcement • May 04
J D Wetherspoon plc Announces Directorate Change J D Wetherspoon plc has been informed by Su Cacioppo, personnel and legal director, of her intention to retire from the board and company on 7th October 2022. James Ullman, currently retail audit director, will be appointed to the board with immediate effect as personnel and retail audit director. Board Change • Apr 29
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Senior Independent Director Ben Thorne was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 04
Full year 2021 earnings released: UK£1.47 loss per share (vs UK£0.92 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: UK£772.6m (down 39% from FY 2020). Net loss: UK£181.1m (loss widened 86% from FY 2020). Board Change • Jul 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Harry Michael Morley was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 21
First half 2021 earnings released: UK£0.49 loss per share (vs UK£0.26 profit in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: UK£431.1m (down 54% from 1H 2020). Net loss: UK£58.8m (down 325% from profit in 1H 2020). Is New 90 Day High Low • Mar 13
New 90-day high: €15.40 The company is up 33% from its price of €11.55 on 11 December 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.45 per share. Is New 90 Day High Low • Feb 06
New 90-day high: €15.30 The company is up 53% from its price of €9.99 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.57 per share. Announcement • Jan 22
J D Wetherspoon plc has completed a Follow-on Equity Offering in the amount of £93.744 million. J D Wetherspoon plc has completed a Follow-on Equity Offering in the amount of £93.744 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,370,000
Price\Range: £11.2 Is New 90 Day High Low • Jan 20
New 90-day high: €13.50 The company is up 44% from its price of €9.35 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.11 per share. Recent Insider Transactions • Dec 04
Non-Executive Chairman recently sold €5.6m worth of stock On the 1st of December, Timothy Martin sold around 432k shares on-market at roughly €12.99 per share. This was the largest sale by an insider in the last 3 months. Timothy has been a seller over the last 12 months, reducing personal holdings by €11m. Is New 90 Day High Low • Dec 03
New 90-day high: €13.27 The company is up 16% from its price of €11.41 on 04 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.98 per share. Announcement • Nov 18
J D Wetherspoon plc, Annual General Meeting, Dec 17, 2020 J D Wetherspoon plc, Annual General Meeting, Dec 17, 2020, at 12:00 Coordinated Universal Time. Location: Wetherspoon House Reeds Crescent Watford United Kingdom Agenda: To receive and adopt the reports of the directors and the Company's auditors, and the audited accounts of the Company, for the year ended 26 July 2020; to receive and approve the directors' remuneration report for the year ended 26 July 2020; to approve the directors' remuneration policy for the year ended 26 July 2020; to re-elect directors; to re-appoint Grant Thornton LLP as the auditors of the Company and to authorise the directors to fix their remuneration; to allot shares in the Company; and to consider other matters. Announcement • Aug 25
J D Wetherspoon plc Provides Earnings Guidance for the Year Ended 26 July 2020 J D Wetherspoon plc provided earnings guidance for the year ended 26 July 2020. For the period the company expected to make a loss, both before and after exceptional items. Some of these exceptional items will be related to the Covid pandemic.