Queen helps get them in at JD Wetherspoon
Pub chain JD Wetherspoon said it had been boosted by strong trading around the fortnight of the Jubilee celebrations and during the Euro 2012 championships.
Pub chain JD Wetherspoon said it had been boosted by strong trading around the fortnight of the Jubilee celebrations and during the Euro 2012 championships.
The firm said the events had helped push up like-for-like sales by 6.1%, and total sales by 11.9% in the 11 weeks to 8 July 2012.
In the year to date, like-for-like sales increased by 3.0%, while overall sales increased by 9.2%, the company said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It expects to report an operating margin of approximately 8.5% before exceptionals in the second half.
Wetherspoon said it expected to achieve "a reasonable outcome" for the current financial year.
"As previously stated, the main challenges for the company, in this financial year of 53 trading weeks, have been the continuing cost pressures resulting from government legislation, including increases in excise duty, business rates and carbon tax," the company said.
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published