Wednesday, May 04, 2011

Wetherspoons Reports 'reasonable year'

JD Wetherspoon has this morning reported a 2.4% increase in like-for-like sales for the 13 weeks to 24 April.

The 787-strong managed pub company, said that total company sales during the period increased by 7.4%.

It said that it expected to produce “a reasonable outcome” in its current financial year. Like-for-like sales for the 39 weeks to 24 April were up by 2.4% and company sales climbed by 7.6% on the previous year.

The company has opened 29 new pubs and closed two pubs since the start of the financial year. A number of sites are under development and, in line with previous estimates, it intends to open approximately 50 pubs in the current financial year

No comments: