Wetherspoon serves up rise in revenues

JD WETHERSPOON has continued to outstrip the rest of the pub industry, with drinkers flocking to its affordable establishments.

The group, which owns more than 800 pubs, said yesterday that sales from the start of the year to 28 April were up 9.3 per cent. This was boosted by the firm opening new pubs, although like-for-like revenues were still up a healthy 6.3 per cent.

In comparison, Greene King’s like-for-like sales rose 2.2 per cent in its managed pubs division, while Spirit Pub Company’s rose 1.4 per cent.

Wetherspoon investors were also cheered by a slight rise in its profit margins, which fell last year, although the company continued to warn of the effect of the burden of the VAT disparity between supermarkets and pubs.