JD Wetherspoon sales lift as budget chain ‘one of few winners’ amid economic crunch November 9, 2022 JD Wetherspoon posted buoyant sales for the first quarter, although it said demand had softened slightly in October. Shares dropped by as much as eight per cent, after the company admitted October trading had been slightly slower than expected. Like-for-like sales were 9.6 per cent higher than the same period last year, with the pub [...]
To win over the bond market, it has to be Dishy Rishi October 23, 2022 Tim Martin is the CEO of JD Wetherspoon In selecting the next Prime Minister, MPs need to bear in mind that the terrible twins, the bond market and inflation, feeling increasingly disrespected by central bankers and politicians , are angry and emotional – and are watching their every move. The mere revelation on Friday that [...]
Last orders: Pub numbers sink amid calls for further support October 10, 2022 The number of pubs vanishing from communities in England and Wales increased by 50 per cent in the last three months, according to new data, amid warnings that more must be done to protect the great British institution. During the three months to the end of September, 150 pubs were either demolished or converted into other [...]
Tim Martin hits out at UK’s Covid policies as Wetherspoons sales linger below pre-pandemic levels October 7, 2022 JD Wetherspoon chairman Tim Martin has hit out at the UK’s Covid restrictions after warning the pub group is still suffering from the adverse effects of Covid-19. The pub company said its sales had failed to return to pre-pandemic levels as it posted losses of £30.4m for the past financial year, on the back of [...]
Tim Martin: Pubs should not subsidise supermarkets, JD Wetherspoon boss says September 12, 2022 JD Wetherspoon’s chair has called on ministers to slash VAT for pubs and make the taxes “fair and equitable” between retail and hospitality. The budget pub chain is to cut the price of food and drink in its venues by 7.5 per cent on Thursday this week, in a call for a return to the [...]
JD Wetherspoon beer sales lag pre-Covid levels as recovery ‘more laborious than anticipated’ July 13, 2022 JD Wetherspoon has said sales of pints were eight per cent below pre-pandemic trading and it expects to post higher losses this year. While a “boom in pub sales” had been anticipated following the easing lockdown measures, recovery for many venues had been “slower and more laborious than was anticipated,” the budget pub chain said. [...]
JD Wetherspoon shareholders await impact of cost of living on budget pub chain’s pint sales July 10, 2022 Investors will be eager to see if the cost of living crisis has made any dent to JD Wetherspoon sales in the budget pub chain’s quarterly update this week. Analysts said a wider downturn in consumer spending could be mitigated by the chain’s cheaper prices enticing drinkers but thin margins risked a gloomy verdict. The [...]
High street bosses plead for crisis cash to help with dramatic energy bill hikes May 18, 2022 High street businesses have called for emergency help over skyrocketing energy bills, as bosses warn a cocktail of cost pressures threaten to subdue their pandemic recovery. Without government action, historic levels of inflation and dramatic energy bill rises pose a risk to the beauty sector’s recovery, the British Beauty Council has said. The industry group [...]
Sales slow at J D Wetherspoon as costs rocket and punters dip May 4, 2022 Sales at J D Wetherspoon dipped four per cent in the third quarter as the pub group struggles to keep pace with pre-pandemic levels.
Raising a toast: Beer sales return to pre-pandemic glory as pub goers ditch wine and spirits April 4, 2022 Beer sales have brewed a comeback with 1.1bn more pints sold last year than in 2020. Some 4.6bn litres of beer was sold in 2021, up 13 per cent on 2020. Lockdown drinkers opted for spirits, causing beer sales to plummet, but pints regained popularity when pubs reopened. Wine and spirits saw a drop of [...]