fromLondon Business News | Londonlovesbusiness.com
3 weeks agoJD Wetherspoon stocks fall in early trade - London Business News | Londonlovesbusiness.com
While revenues have finally recovered to stand 17% higher than that period, the group has 85 fewer pubs. This results in sales per pub which have increased by 29%, but in terms of profit that progress has been largely obliterated by growth of 57.8% and 34.5% in energy and wage costs respectively. More broadly, the continuing closure of many pubs across the country opens opportunities for Wetherspoon, although the group is understandably cautious of opening any new pubs which may not meet its financial hurdles.