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JD Wetherspoon faces falling profits

guardian.co.uk
05-Sep-2008
        
Story Timeline:  91 days

JD Wetherspoon has warned it will have to grow comparable sales by 3% by the end of next summer if it is to prevent annual profits from shrinking in the face of climbing fuel and labour costs. Chief executive John Hutson said today: "If we can get to 3% it will be a pretty good performance." He said the 699-strong pub chain, which yesterday posted £55m pre-tax profit for the year to July 27, would have to swallow... [read full story]                    

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Latest article on this story:

JD Wetherspoon boss calls for beer duty freeze

 telegraph.co.uk 05-Sep-2008
First article on this story:

Wetherspoon boss blames government for profits slide

 thepublican.com 05-Sep-2008
Selected publications with coverage of this story:
bbc.co.uk icnetwork.co.uk guardian.co.uk thisismoney.co.uk forbes.com tiscali.co.uk marketwatch.com canadianbusiness.com sky.com telegraph.co.uk morningadvertiser.co.uk caterersearch.com
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JD Wetherspoon boss calls for beer duty freeze

telegraph.co.uk
05-Sep-2008
        

By Rowena Mason The chairman of pub chain JD Wetherspoon has called for a five-year suspension of beer duty increases to ease the woes of the hospitality industry, as the company's pre-tax profits tumbled 13pc to £54m....

Rising fuel and wages heap trouble on to Wetherspoon

guardian.co.uk
05-Sep-2008
        

JD Wetherspoon has warned it faces extremely stretching sales targets if it is to prevent annual profits from shrinking by the end of next summer, in the face of climbing fuel and labour costs. Chief executive John Hutson...

                   

British pub chain Wetherspoon's annual profit drops 24 pct on smoking ban, rising cost of food

canadianbusiness.com
05-Sep-2008
        

LONDON (AP) - J.D. Wetherspoon PLC, a British pub chain, said Friday that annual profit fell 24 percent as food, beer and labor costs rose and a government ban on smoking in pubs discouraged business. Net income for the...

JD Wetherspoon's profits suffer from 'traumatic year'

caterersearch.com
05-Sep-2008
        

JD Wetherspoon, the high-street pub operator, has seen its full-year profits nosedive in what its chairman has described as a “traumatic year” for the pub industry. The company, which opened 23 new sites in the year to 27...

                   

Wetherspoon profits hit by smoking ban

tiscali.co.uk
05-Sep-2008
        

By Matthew Scuffham LONDON (Reuters) - Pubs group JD Wetherspoon reported a decline in full year profits on Friday, adding to the gloom in the sector following downbeat updates from Punch Taverns this week. The group,...

Wetherspoon calls an end to the pubs gloom

thisismoney.co.uk
05-Sep-2008
        

Robert lea, Evening Standard Maverick pubs boss Tim Martin is calling the end of the recession in the nation's boozers. sales were up 1.1% and total sales 5.5% better after a torrid previous 12 months in which bar sales...

Wetherspoon pubs bear the brunt of rising costs

timesonline.co.uk
05-Sep-2008
        

JD Wetherspoon, the UK pub group, today announced full-year pre-tax profit fell by nearly 13 per cent after food and labour costs increased and the smoking ban discouraged some drinkers from going out. The group announced...

                   

Dip in profits for JD Wetherspoon

icnetwork.co.uk
05-Sep-2008
        

Sep 5 2008 By Sion Barry Pubs chain JD Wetherspoon today reported a fall in annual profits after stronger food sales failed to offset a decline in drinks trade. The group achieved profits for the year to July 27 of £55...

                   
bbc.co.uk: Wetherspoon's pub bbc.co.uk

Smoking ban hits JD Wetherspoon

bbc.co.uk
05-Sep-2008
        

The smoking ban and slow consumer spending have knocked trading The smoking ban and slow consumer spending have sent pub group JD Wetherspoon's adjusted pretax profits down 11% dropin the year to July. Pre-tax profits...

morningadvertiser.co.uk: Morning Advertiser morningadvertiser.co.uk

JD Wetherspoon reports profit slump

morningadvertiser.co.uk
05-Sep-2008
        

JD Wetherspoon has this morning reported a 4.3% drop in like-for-like bar sales for the full year and an 11.4% slump in annual pre-tax profits. Martin: Believes JDW sells more meals per pub per week than anyone else There...

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