Friday preview: JD Wetherspoon reports full-year results

10th Sep 2015 15:06

(ShareCast News) - JD Wetherspoon's full-year results on Friday are projected to report a dip in adjusted net income and a 7.8% increase in revenue as the pub operator trumps its rivals.The consensus forecast is for annual adjusted net income of £58.55 and revenue of £1.51b.The group also reports its second half results following a modest 4.1% increase in earnings in the first six months. Analysts are expecting second half revenue of £772m and adjusted net income of £30.7m, compared to first-half revenue and adjusted net income of £744m and £27.8m respectively.IG market analyst David Madden said Wetherspoon is leading the UK pub sector as its competitors are struggling."Additionally, as pubs close down on a weekly basis, JD Wetherspoon has continued expanding its empire," he said."However, it is not all good news for JD Wetherspoon, as tough competition from supermarkets and the increased pay packets for staff were cited as a concern for the company."In macro-economic reports on Friday, GfK and the Bank of England release a survey on the inflation outlook for the next 12 months.The BoE on Thursday announced it was keeping interest rates unchanged amid weak inflation and market turbulence. Inflation remains well below the central bank's 2% target, with the 12-month consumer price index rising slightly to 0.1% in July.Meanwhile, the University of Michigan publishes its index on US consumer confidence for September, as the market looks for clues on the first interest rate hike by the Federal Reserve in nine years. Friday 11 SeptemberINTERNATIONAL ECONOMIC ANNOUNCEMENTS Consumer Price Index (GER) (07:00) Producer Price Index (US) (13:30) FINALS Wetherspoon (J.D.) IMSS SThree GMS Totally INTERIM DIVIDEND PAYMENT DATE 4Imprint Group, BG Group, Direct Line Insurance Group, Informa, Law Debenture Corp., Moneysupermarket.com Group, Pearson, RM, Spirent Communications QUARTERLY PAYMENT DATE Carnival, M Winkworth SPECIAL DIVIDEND PAYMENT DATE Lindsell Train Inv Trust AGMS Adams, Schroder Real Estate Investment Trust Ltd, SVM UK Emerging Fund, Sweett Group FINAL DIVIDEND PAYMENT DATE Creston, Latchways, Lindsell Train Inv Trust, Maven Income And Growth VCT 6 , New Century AIM VCT, Severfield