We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedFinancial Planning

JD Wetherspoon in Olympics sales boost

Pub chain’s quarterly like-for-like sales up 7.1%

Article comments

Bucking the trend noted by certain retailers, the pubs and hospitality chain JD Wetherspoon reported a “significant boost” from the summer Olympics and Paralympics games.

As local pubs struggle, the company’s chain-wide strategy of welcoming families and children via designated eating areas and competitive food prices continued to entice customers.

Its latest figures published on Thursday, indicated that in the three months to 28 October, like-for-like sales rose 7.1 percent.

The company’s total sales rose 11.1 percent. On the back of a strong performance, JD Wetherspoon also announced that it is planning to open another 25 pubs to add to its existing portfolio of 800.

In September, JD Wetherspoon reported an annual pre-tax profit of £72 million; up 8.4 percent.



JD Wetherspoon in Olympics sales boost
Financial Planning

Budget: What business wants

Budget: What business wants

CFOs are keen for the chancellor to avoid any uncertaintymore ..

Tesco sees 6% decline in annual profit

UK market leader faces up to 1.4% fall in like-for-like salesmore ..

Yahoo on the right path, says CEO

Marissa Mayer’s comments follow a 20 percent decline in quarterly earningsmore ..

Debenhams to increase investment in distribution centre automation

The retailer wants to cut distribution costs as omni-channel demands risemore ..

Stay ahead of the curve

CFOs used to low interest rates ignore working capital optimisation at their perilmore ..

Digital streamlining of travel and expense claims [Part II]

Concur shows CFOs how to make life easier when the auditors come knockingmore ..

Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

In Depth
How M&A teams can create value by challenging the CEO

How M&A teams can create value by challenging the CEO

A typical “hold” period of nine to 18 months can generate increased sale value more ..

In Depth
What every company needs to do about big data?

What every company needs to do about big data?

In the first of a three part series, Pat Brans explores just how big 'big data' will get? more ..


* *