Wetherspoon report record losses


JD Wetherspoon posted their annual result this week that show record losses for this year – at £154m the pre-tax losses are over £120m more than the previous year.  Sales were down from £1.26bn to £772.6m – just under 39%.

Commenting on the results, Tim Martin, the Chairman of JD Wetherspoon plc, said, “Like-for-like sales in the first nine weeks of the current financial year were 8.7% lower than the same weeks in August and September 2019, before the pandemic started. In the last four weeks of the period, like-for-like sales were minus 6.4%. 

“Total employee numbers averaged 39,025 in the financial year, which increased to 42,003 for the week ending 20 September 2021. 

“On average, Wetherspoon has received a reasonable number of applications for vacancies, as indicated by the increase in employee numbers, but some areas of the country, especially “staycation” areas in the West Country and elsewhere, have found it hard to attract staff.

Category: Bar & Pub
Tags: JD Wetherspoon, Tim Martin