Like-for-like sales increase at JD Wetherspoon

14th July 2010, 8:41am

Like-for-like sales at national pub chain JD Wetherspoon have increased by 1.0%, according to its latest financial statement.

Meanwhile total company sales over the same period soared by 5.8%.  And in the financial year-to-date (50 weeks to 11th July 2010), like-for-like sales rose by 0.1% and overall company sales increased by 4.4%. 

The financial year-to-date has seen 41 openings and two disposals, with a further six openings expected by the financial year end. 

The company said as a result of free cashflow in the year-to-date being strong, they are also in a position to launch 47 new pubs and pay a dividend of £26.2 million.

A spokesperson for the group commented: "Our sales, profit and cashflow continue to be resilient and the performance of our recently opened pubs is encouraging. In addition, as previously indicated, we continue to believe there are substantial opportunities for us to acquire sites at reasonable prices."

Related Articles:

• 06 Dec 2010 - Pub operator Wetherspoon scoops Loo of the Year Award 2010
• 11 Oct 2010 - Wetherspoon pubs to host international beer festival
• 10 Sep 2010 - JD Wetherspoon celebrates record results as it warns government on taxes
• 05 Jul 2010 - Wetherspoon drops the price of its coffee to 49p
• 05 May 2010 - Like-for-like sales down at JD Wetherspoon
• 11 Mar 2010 - JD Wetherspoon announce record first-half profits
• 07 Dec 2009 - JD Wetherspoon has best pub loos across the UK

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