Q3 Trading Update

Wetherspoon (JD) PLC 29 April 2004 JD WETHERSPOON PLC Press Release 29 April 2004 THIRD QUARTER TRADING UPDATE Current Trading Like-for-like sales for the third quarter of our financial year, the thirteen weeks ended 25 April 2004, increased by 3.7% (year to date 4.5%). Overall sales increased by 6.5% (year to date 9.4%). Our year-to-date profit performance continues to reflect the impact of previously highlighted cost pressures. Property During the third quarter we opened 9 pubs bringing the year to date number of openings to 17, in line with our expectations. As previously indicated, we sold 10 pubs during the first half of the current financial year and have identified a further 10 for disposal. Discussions on the second group of pubs are progressing satisfactorily. Outlook As a result of a slight reduction in like-for-like sales growth, our current expectation is that profits for the financial year could be around the lower end of analysts' expectations, depending on the like-for-like sales performance to the financial year-end and the possible impact of the Euro 2004 football championship. Enquiries: Jim Clarke Finance Director 01923 477777 Eddie Gershon Company Spokesman 0208 352 5012/ 07956 392234 Visit our web site at www.jdwetherspoon.co.uk This information is provided by RNS The company news service from the London Stock Exchange
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