Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

JD Wetherspoon see rising sales rise but warn of energy bill pain ahead

by November 8, 2023
November 8, 2023
JD Wetherspoon see rising sales rise but warn of energy bill pain ahead

JD Wetherspoon has reported a 9.5 per cent rise in like-for-like sales in the 14 weeks to November.

The no-frills pub chain, which has over 800 sites in the UK, said that bar sales also rose 10.7 per cent and food sales grew by 8.2 per cent.

During the term, Wetherspoons also sold or surrendered to the landlord six pubs and opened one site at Heathrow Airport.

The chain said it has plans to invest £70m into its current sites as it looks to revamp staff rooms, changing rooms, glass racks above bars and air conditioning.

Tim Martin, the outspoken frontman for the group, said that trade has improved “gradually” over the last year thanks to a return to normality post-pandemic and a slight easing of cost inflation.

However, he warned that energy costs remain at “far higher levels” than pre-pandemic, which will put pressure on “suppliers and the wider economy”.

He said: “Sales in the first 14 weeks of the financial year have continued the pattern of gradual improvement which has followed the ending of lockdowns and restrictions.

“Inflationary pressures have eased, but energy costs, in particular, remain at far higher levels than pre-pandemic, putting pressure on suppliers and the wider economy.”

He added: “The company currently expects an outcome for the financial year in line with market expectations, and will provide further updates as the year progresses.”

Read more:
JD Wetherspoon see rising sales rise but warn of energy bill pain ahead

0
FacebookTwitterGoogle +Pinterest
previous post
Brits set to plunge themselves into £3.7bn worth of Buy Now Pay Later debt before Christmas
next post
UK’s 1.6m temp workers to receive pay boost ‘worth thousands’

You may also like

British pension savers set to benefit from Trump’s...

November 22, 2024

How to Find a Trusted Supplier of Aciclovir...

June 29, 2023

Scottish Power owner urges Labour to scrap Miliband’s...

March 10, 2025

Rightmove weighs third takeover offer from Australian property...

September 23, 2024

Reeves faces fiscal rule warning as OECD slashes...

June 3, 2025

Can the UK economy get more bang from...

June 2, 2025

Founders who create safe environment for employees more...

May 23, 2023

London’s leading electric taxi firm secures £1.6m asset...

December 17, 2024

Aston Martin agrees deal to make electric vehicles...

June 26, 2023

Construction skills ‘crisis’ as new figures reveal just...

June 22, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved