The pub operator’s scale allows it to buy in bulk to get lower prices, which it passes on to customers
JD Wetherspoon (JDW) 724.4p Profit to date: 20.3% We highlighted pubs group JD Wetherspoon (JDW) in November 2024 as an ‘absolute steal’ based on what we believed were overly-conservative EPS (earnings per share) estimates, putting the business on a forward PE (price to earnings) multiple of just over 10 times. At the time the company had raised its earnings guidance and reinstated the dividend due to ‘robust’ like-for-like trading...