Wetherspoon toasts rise in sales
Martin revealed that the 800-strong group saw like-for-like sales jump 6.3 per cent in the 13 weeks to 28 April. Wetherspoon, which has 40 Scottish pubs, said in the 39 weeks to 28 April like-for-like sales rose 6.7 per cent, while the operating margin in the most recent quarter lifted to 8.5 per cent from 8.3 per cent in the first half.
Martin said: “The biggest dangers to the pub industry are the VAT disparity between supermarkets and pubs and the continuing imposition of stealth taxes such as the late-night levy and increased fruit/slot machine taxes.”
Wetherspoon’s shares closed unchanged at 594p.