Record revenues for pub group | Scottish Licensed Trade News

Scottish Licensed Trade News

Record revenues for pub group

PUB giant JD Wetherspoon has announced record revenues of more than £1.4 billion in its latest financial year.

Its figures, ending July 27 this year, showed a 10% increase from £1.28bn in 2013.
Revenue was driven by strong food sales across the company’s 927 pubs, with like-for-like sales having grown by 12%.
Tim Martin, chairman of J D Wetherspoon, said: “I am pleased to report another year of progress, with record sales, profit and earnings per share.”
He went on to say that he considers the VAT disparity between pubs and supermarkets “the biggest danger to the pub industry” and stated Wetherspoon will be supporting a Tax Equality Day on September 24 to publicise the inequality.
“Wetherspoon, along with many pub and restaurant companies, is supporting Jacques Borel’s VAT Club on Tax Equality Day,” said Martin.

Share this SLTN article