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
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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 .................