Category: Trading updates
Innovation & brand extension in casual dining. Change is the only constant…
Innovation & Brand Extension in Casual Dining… Franco Manca opens in Debenhams Westfield, sharpens click & collect offer… The fast-growing Franco Manca might soon be opening concessions in up to 30 Debenhams sites, as highlighted in the retailer’s latest trading update (see 3rd last para – http://tinyurl.com/hgfqnt5) Debs’ Westfield White City store will shortly house…
JDW versus RTN. Ten year tussle but I think we have a winner…
JD Wetherspoon & Restaurant Group; contrasting styles… Background: In 2013, 14 & 15 we ran side-by-side pieces comparing JDW w. RTN. Whilst the companies were broadly the same size, we much preferred JDW RTN had lower sales but higher margins Whilst JDW ‘invested’ its lost margin in staff, product and premises & had more freeholds…
M&B Full Year update, CEO change 2015-09-22
MITCHELLS & BUTLERS (MAB): 351p FY update, CEO replaced: Group changes CEO, reports recent LfL sales down 0.7% Year to end-Sep PBT (£m) EPS (p) PER (x) DPS (p) Yield (%) 2014 (A) 170.7 32.4 10.8 Nil Nil 2015 (E) *189.0 36.1 9.7 0.7 0.2 2016 (E) 206.0 39.3 8.9 5.9 1.7 Source: Company &…
Merlin Q3 Preview 2015-09-17
Merlin produces its Q3 trading update on Thursday. The group’s shares are currently on a PE of c22x earnings. The shares have pulled back in recent months following the accident at its Alton Towers theme park currently resting at around 380p, having peaked at around 460p in May this year. The group has three major…
Wetherspoon – 2015-09-11 FY Analyst Meeting
11 September 2015 JD WETHERSPOON (JDW): 720p FY Presentation – 52w to 26 July 2015: Group continues to grow and invest despite uncertain short-term trading conditions… Year to end-July PBT (£m) EPS* (p) PER (x) DPS (p) Yield (%) 2014 (A) 79.4 47.4 15.2 12.04 1.7 2015 (E) 78.4 48.1 15.0 12.04 1.7 2016 (E)…