Wetherspoon’s Profits Soar Despite Pandemic Concerns

J D Wetherspoon (GB:JDW) has released an update.

J D Wetherspoon PLC reports a resilient financial performance with a 7.6% increase in like-for-like sales and a significant 73.5% rise in profit before tax to £73.9m for the fiscal year ending 28 July 2024. Despite a reduction in total pub numbers, the company has seen revenue growth to £2,035.5m and has restored its full-year dividend to 12.0p. The outlook remains cautiously optimistic, with concerns about potential future lockdowns and the ongoing government enquiry into the pandemic.

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