JD Wetherspoon posts higher profits on resilient demand

JD Wetherspoon boss warns Rachel Reeves over £60m cost hikes

JD Wetherspoon has delivered robust financial results, posting revenues of £2.13billion for the year ending July 27.But the pub chain has warned Chancellor Rachel Reeves that Government-imposed cost hikes could drive inflation across the UK economy.The company achieved like-for-like sales growth of 5.1 per cent, demonstrating resilience in challenging market conditions.Early trading in the new financial year has maintained momentum, with like-fo…

Price hikes will be limited despite cost pressures, Wetherspoon’s boss says

The company, which operates nearly 800 pubs across the UK, has benefited from trading continuing to improve in recent months.

JD Wetherspoon posts higher profits on resilient demand

British pub group J D Wetherspoon has today reported a more than 10% rise in annual adjusted pretax profit, helped by resilient demand for its budget-friendly drinks and pub grub.

Wetherspoon warns of new cost pressures despite rise in FY profits

JD Wetherspoon has reported a rise in annual sales and profits for the 52-week period to 27 July, but warned that new energy levies and higher wage costs will weigh on the business and add to inflation.  The pub operator said sales for the year stood at £2.13bn, up 4.5% on the previous year. Like-for-like sales rose 5.1%, with bar and food sales increasing by a similar amount, while income from slot machines rose 11%. Hotel room sales fell nearl…

Wetherspoon's boss warns prices must rise despite strong profits | The latest National and International News

Tim Martin, chairman of JD Wetherspoon's pub chain, discusses rising costs and price pressures facing the hospitality industry (Illustrative image) (Photo by Tim Roney/Getty Images) Getty Images Wetherspoon's boss Tim Martin warned of inevitable price increases despite the pub chain reporting strong annual results. The company faces mounting government-imposed costs that Martin said will add significant inflationary pressure in coming months. JD…

JD Wetherspoon: Profit rockets as Tim Martin takes jab at tax rises

JD Wetherspoon has reported another successful quarter after outperforming the wider hospitality market again, although boss Tim Martin has warned on the effects of taxing the sector too hard. The pub giant told markets this morning that like-for-like sales rose 5.1 per cent year on year, while revenue rose 4.5 per cent to £2.12bn. Profit before tax rise 10.1 per cent to £81m, and earnings per share rose 4.5 per cent to 50.8p. Chair Tim Martin h…