Advertisement: Mogrify mid banner
Advertisement: CJBS mid banner
Advertisement: Kao Data Centre mid banner
Advertisement: EBCam mid banner
Advertisement: Wild Knight Vodka
Barr Ellison Solicitors – commercial property
Advertisement: RSM
Advertisement: S-Tech mid banner 3
Advertisement: Simpsons Creative
Advertisement: TTP
Advertisement – Charles Stanley mid banner
Advertisement: Hewitsons mid banner
Advertisement: Cambridge Network mid banner
Mid banner advertisement: BDO
Advertisement: Howard Group mid banner
ARM Innovation Hub
9 May, 2007 - 15:13 By Staff Reporter

Smoking ban legislation preparations hit Wetherspoon's profits

In a third quarter trading update, Watford-based pub group JD Wetherspoon said that like-for-like sales were up over three per cent, but that it expects full year profits to be marginally below expectations.

It forecast the decreased profits, citing an increase in pub repairs in anticipation of non-smoking legislation for English pubs. In Wales, were the legislation passed at the start of April, it said that results were in line with its Scottish experience.

The firm said that Q3 like-for-like sales were up 3.4 per cent, with year to date sales up 6.1 per cent and overall company sales up 7.2 per cent.

Wetherspoon has increased the amount of non-smoking customer space to about 80 per cent of capacity, resulting in a drop in bar volumes, but strong growth in food sales, it said.

In addition to the seven new sites the company has opened this year, it said it expects a further 20 this year, with an additional 30 the following financial year.

Wetherspoon's share price has seen a four per cent drop in value, losing 30p to 680p.

Add new comment

Newsletter Subscription

Stay informed of the latest news and features