Pub chain's Games joy
economy: Pub chain JD Wetherspoon has cheered an Olympic boost to sales but warned the gold performance could not be sustained as the impact of one-off events tails off.
The group, whose 860 mainly town-centre pubs screened the London 2012 Olympic and Paralympic Games, saw like-for- like sales in the six weeks to September 9 jump 8.4 per cent, with total sales up 12.8 per cent. This compares with 6.1 per cent growth in the 11 weeks to July 8.
But the group said the level of growth would not continue as taxation and input costs are expected to rise and maintained its forecast of a "reasonable outcome" for this financial year.
The update came as Wetherspoon reported an 11.7 per cent rise in revenues to £1.2 billion in the 53 weeks to July 29 and a 4.1 per cent drop in pre-tax profits to £58.9 million.