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JD Wetherspoon trading "better than expected"

14 June 2017 by
JD Wetherspoon trading "better than expected"

Trading at pub firm JD Wetherspoon was "slightly better than expected" in the final quarter of its financial year.

The company said that with seven weeks of the current 53-week financial year left to run, it anticipated a slightly better trading outcome than was foreseen in its last update.

Nonetheless the company said that it would still require like-for-like sales to increase by about 3% to 4% in its next financial year in order to maintain profits at this year's levels.

A further update is expected in Wetherspoon's pre-close trading statement on 12 July.

Tim Martin attacks the CBI over Brexit negotiations as JD Wetherspoon sales rise >>

Wetherspoon's Tim Martin attacks ‘budget for dinner parties' after revealing 43% profit rise >>

J D Wetherspoon reports 3.2% increase in sales >>

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