Pub chain JD Wetherspoon has seen its sales jump ahead of pre-pandemic levels and returned to a half-year profit.
Pub chain JD Wetherspoon has seen its sales jump ahead of pre-pandemic levels and returned to a half-year profit, as chairman Tim Martin said he is looking forward to "ferocious" inflationary pressures easing across the industry.An archive image of Wetherspoon chief Tim Martin, during a talk at The Shrewsbury Hotel, Shrewsbury.
It was still a 90 per cent decline compared with its pre-Covid figure of £50 million in the first half of 2019. But Mr Martin told PA that Wetherspoon had managed to keep prices low compared with its rivals, making it"the most competitive we've ever been". Supply and delivery issues, which were also exacerbated during the pandemic, have"largely disappeared", Mr Martin said.
Experts said Wetherspoon could be in a better position than its rivals this year against a downturn in consumer spending, because of its commitment to keeping prices low.
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