Wetherspoon's sales volumes have exceeded pre-pandemic levels, aided by increased demand for drinks like prosecco and Guinness. UK consumer confidence has improved, hitting its highest since December. If inflation decreases after the summer, JDW may experience additional demand growth. The company plans pub openings that will surpass 800 sites, indicating promising prospects despite rising tax and staffing costs. Concerns remain regarding existing debt, but current market sentiment sees it as manageable. Potential share price growth in 2025 is realistic with expected boosts from new openings and refurbished locations.
Lifting Wetherspoon's volumes above pre-pandemic levels is an important milestone and it's encouraging to see food items follow the trend too.
If inflation resumes its downward journey after the summer and takes interest rates with it, JDW could get a further demand boost heading into the final stretch of the year.
The only glaring concern is the debt pile but, for now, the market clearly thinks it's manageable enough to look past.
JDW's share price performance in 2025 wouldn't look out of place among the Magnificent 7 and, if pub openings, refurbished sites and fresh gardens do the trick and pull us in over the summer, like-for-like sales could get a boost.
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