J D Wetherspoon plc: Leisure and Arts Company Profile, SWOT & Financial Report by ICDResearch

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									J D Wetherspoon plc

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J D Wetherspoon plc                                                       Financial Snapshot

                                                                          Operating Performance
Fast Facts
                                    Wetherspoon House, Watford, WD24      The company reported revenue of US$1,729 million
Headquarters Address
                                    4QL,United Kingdom                    during the fiscal year 2011 (2011). The company's
                                                                          revenue declined at a compounded rate of 0.68%
Telephone                           + 44 1923 477777
                                                                          during 2007–2011, with an annual growth of 12.80%
                                                                          over 2010. In 2011, the company recorded an
Fax                                 + 44 1923 219810                      operating margin of 9.04%, as against 8.98% in 2010.

Website                             www.jdwetherspoon.co.uk
                                                                          Revenue and Margins
Ticker Symbol, Stock Exchange       JDW, London Stock Exchange (LON)

Number of Employees                 14,403

Fiscal Year End                     July

Revenue (in US$ million)            1,729




SWOT Analysis

Strengths                           Weaknesses

Increase in revenue                 Declining operating and net margins

Niche market positioning            Dependence on single region

Strong operational network

Opportunities                       Threats

Business expansion initiatives      Competitive pressure

Growing UK’s foodservice market     Food inflation

Recovering UK pubs and restaurant
                                    Tax issues
chains




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J D Wetherspoon plc - SWOT Profile                                                                              Page 1
J D Wetherspoon plc

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset and Liabilities .........................................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Solvency ..........................................................................................................................................................13
      2.2.5       Valuation ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..................................................................................................................................15
3     SWOT Analysis ...................................................................................................................................... 16
    3.1       SWOT Analysis - Overview ..................................................................................................................................16
    3.2       Strengths ..............................................................................................................................................................16
    3.3       Weaknesses .........................................................................................................................................................16
    3.4       Opportunities ........................................................................................................................................................17
    3.5       Threats .................................................................................................................................................................17
4     History .................................................................................................................................................... 18
5     Key Employees ...................................................................................................................................... 19
6     Key Employee Biographies................................................................................................................... 20
7     Locations and Subsidiaries .................................................................................................................. 21
    7.1       Head Office ..........................................................................................................................................................21
    7.2       Other Locations and Subsidiaries ........................................................................................................................21
8     Appendix ................................................................................................................................................ 23
    8.1       Methodology .........................................................................................................................................................23
    8.2       Ratio Definitions ...................................................................................................................................................23
    8.3       Disclaimer.............................................................................................................................................................27




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J D Wetherspoon plc - SWOT Profile                                                                                                                                          Page 2
J D Wetherspoon plc

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List of Tables

Table 1: Major Products and Services....................................................................................................................................6
Table 2: Key Ratios - Annual ..................................................................................................................................................7
Table 3: Key Ratios - Interim ..................................................................................................................................................9
Table 4: Key Capital Market Indicators ..................................................................................................................................9
Table 5: History.....................................................................................................................................................................18
Table 6: Key Employees .......................................................................................................................................................19
Table 7: Key Employee Biographies ....................................................................................................................................20
Table 8: Locations ................................................................................................................................................................21




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J D Wetherspoon plc - SWOT Profile                                                                                                                                         Page 3
J D Wetherspoon plc

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List of Figures

Figure 1: Revenue and Operating Profit ...............................................................................................................................10
Figure 2: Financial Position ..................................................................................................................................................11
Figure 3: Net Debt vs. Gearing Ratio .................
								
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