Wetherspoons jumps back to profit on back of bumper food sales

Pub giant JD Wetherspoon has swung back to a significant profit as higher food sales helped its post-pandemic sales recovery continue.

The company, which runs 826 pubs across the UK, saw total sales rise by 10.6% to £1.92 billion for the year to July 30. Bosses at the business said sales growth has continued in recent weeks, with like-for-like sales increasing by 9.9% over the nine weeks to October 1.“The company currently anticipates a reasonable outcome for the financial year, subject to our future sales performance.”

It said there was a £7 million cash boost after fees as a result. Wetherspoons also opened three pubs.

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Wetherspoons jumps back to profit on back of bumper food salesitemprop=description content=Analysts said on Friday that the chain will ‘benefit from trading down’ by customers squeezed by the rising cost of living.
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