Wetherspoons says trading in line as sales rise 11%

(Sharecast News) - Pub chain JD Wetherspoon held annual profit guidance as sales in the last 10 weeks of its final quarter rose 11%. Compared to full-year 2022, like-for-like sales increased by 11.5% in the fourth quarter to date and by 12.9% in the year to date.

"The company anticipates an improved outcome for the next financial year, and anticipates an outcome for the first half of FY24 approximately in-line with the second half of FY23," said chairman Tim Martin.

Reporting by Frank Prenesti for Sharecast.com