Very few companies can prosper for long periods of time. Like humans, many go through a life-cycle. They start off and can often grow rapidly for many years. Then growth slows down before moderating if they are lucky. Other companies stagnate and even decline and die. JD Wetherspoon (JDW) has been better at growing and standing tall in a very difficult pub sector. However, recent results suggest that it too may struggle to get much bigger. What does the future hold for this company?
The business