Wetherspoon has happy Xmas

PUB operator JD Wetherspoon said yesterday sales grew in recent weeks despite the snow but warned profit margins were coming under pressure from the increasing cost of food, drink and other bills.

Wetherspoon, which operates nearly 800 outlets, said like-for-like sales increased three per cent in the 12 weeks to 16 January, up from 1.6 per cent in the previous quarter.

Wetherspoon, which has bucked the trend of declining sales and profits across the pubs sector over the past three years, said it was confident of a reasonable performance in 2011.