JD Wetherspoon’s sales and profits grow over the past year

Yorkshire Post

JD Wetherspoon’s sales and profits grew over the past year as the pub group’s boss said it would try to “keep price increases to a minimum” despite pressure from rising labour costs.

Transcript

00:00Hello, I'm Greg Wright of the Yorkshire Post.

00:03JD Weatherspoon's sales and profits have grown over the past year.

00:08The company, which operates nearly 800 pubs across the UK,

00:13reported revenues totalling £2.13 billion for the year to July 27th.

00:18This was 4.5% higher than the year before,

00:22while sales on a like-for-like basis,

00:24which strips out the impact of pub openings and closures,

00:27rose by 5.1%.

00:29The group's pre-tax profit jumped by a tenth to £81.4 million for the financial year.

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