JD Wetherspoon posts higher sales on resilient demand

The pub group said profit before tax for the year ended on July 30th was £42.6m (€49.25m)

The pub chain stayed cautious on the outlook all the same, saying it expects a “reasonable outcome” for the financial year and warning that any covid-related restrictions would be the biggest threat to the hospitality industry.

Pub group JD Wetherspoon said on Friday that sales in the first nine weeks of its financial year rose nearly 10% on strong demand for its lower-than-average priced drinks and food amid a cost-of-living crisis.

Resilient customer spending has helped the UK hospitality industry manage pressures from high costs as they continue to recover from the pandemic lows.