Wetherspoon’s sales flat over Christmas January 21, 2015 TIM MARTIN’S pub chain JD Wetherspoon said yesterday that sales had slowed significantly in its second quarter, blaming cheap supermarket prices for keeping bar receipts flat over the festive season. The company’s stock dropped over two per cent in trading following the news.
Wetherspoons’ Tim Martin sticks by Heineken pub snub in the City after brewer halts beer supply to Dun Laoghaire site December 9, 2014 We love a good bar brawl in The Capitalist and Wetherspoons’ Tim Martin has just smashed a metaphorical bottle over Heineken’s head. Following Heineken’s refusal to sell Heineken and Murphy’s Irish Stout in the British pub chain’s latest Irish outpost, in Dun Laoghaire (because of the below average price point), Wetherspoons’ mulleted founder and chairman [...]
Wetherspoon ends drinks deal with Heineken after supply row December 9, 2014 Wetherspoon is waving bye-bye to Heineken and will pull the brewer's products from all of its 926 pubs, following a fall-out over pricing in Ireland. Wetherspoon said on Tuesday that the Dutch brewer had refused to supply Heineken lager and Murphy's stout to its new pub in Dun Laoghaire, Dublin. The group also said that Heineken had [...]
Sunny autumn boosts sales for Wetherspoon’s November 5, 2014 British pub chain JD Wetherspoon has recorded a like-for-like sales increase of 6.3 per cent in its first quarter of the year, with total sales up 11.3 per cent. The sales increase came despite October being a drag on the quarter’s figures, as like-for-like growth decreased over the month. JD Wetherspoon founder and chairman Tim [...]
JD Wetherspoon share price up as boss claims VAT “biggest danger to pubs” September 12, 2014 JD Wetherspoon has reported record sales and profit in its full-year results, yet founder and chairman Tim Martin has described the government's VAT on pubs as a danger to the industry. Shares in the company have risen 1.31 per cent in early morning trading. Profit before tax and after exceptional items was up [...]
JD Wetherspoon reports “slightly weaker” sales as World Cup fans drink at home July 9, 2014 Pub group JD Wetherspoon has revealed that sales have been slightly weaker during the World Cup, reflecting suggestions fans have been drinking at home during matches instead of going to bars. The results were released as part of a pre-close statement covering the financial year, which ends on 27 July. The statement also showed that like-for-like [...]
Wetherspoons warns on April pub slowdown May 7, 2014 JD WETHERSPOON yesterday warned that slowing sales in April had left it cautious concerning its final quarter, despite reporting higher third-quarter sales. The pub chain said that sales for the 13 weeks to 27 April at pubs open over a year rose 6.2 per cent, although April had missed its own expectations. “As a result [...]
JD Wetherspoon boss launches another attack on VAT March 14, 2014 The chief executive of high street pub chain JD Wetherspoon has again condemned the tax advantages supermarkets get over pubs. In a statement as part of the company’s interim financial results, Tim Martin said: The biggest danger to the pub industry is the continuing tax disparity between supermarkets and pubs. Thanks mainly to the work [...]
JD Wetherspoon reveals rise in Christmas sales January 22, 2014 JD WETHERSPOON reported strong results over the Christmas and New Year period yesterday, the latest in a series of UK pubs to benefit from the holiday season. Like-for-like sales for the twelve weeks of the second quarter were up by 6.7 per cent and total sales by 10.6 per cent, while year to date like-for-like [...]
Wetherspoons founder hits out at Labour’s pub regulation plan January 21, 2014 THE FOUNDER of the pub chain JD Wetherspoon has hit back, after a Labour minister called for tighter regulations for pub companies. Tim Martin said that although he thinks Punch Taverns and Enterprise have not treated some tenants well, tighter regulation would punish family-run companies who do a good job and try to be fair. “The [...]