# UK’s J D Wetherspoon posts higher sales on resilient demand
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2023-10-06
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: J D Wetherspoon reports 10% sales growth amid cost-of-living crisis
Meta Description: British pub group J D Wetherspoon sees nearly 10% rise in sales with budget-friendly offerings amidst rising living costs and financial struggles.
URL: https://fintechherald.com/uks-j-d-wetherspoon-posts-higher-sales-on-resilient-demand

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## UK’s J D Wetherspoon posts higher sales on resilient demand   (Reuters) -British pub group J D Wetherspoon said on Friday sales in the first nine weeks of its financial year rose nearly 10% on strong demand for its lower-than-average priced drinks and food amid a cost-of-living crisis.    Resilient customer spending has helped the UK hospitality industry manage pressures from high costs as they continue to recover from the pandemic lows.    However, a cost-of-living crisis remains a threat as cash-strapped shoppers restrict discretionary spending.    J D Wetherspoon, which owns and operates pubs across UK and Ireland, said like-for-like sales increased by 9.9% first nine weeks of the current financial year to Oct 1.    The pub group said profit before tax for the year ended on July 30 was 42.6 million pounds ($51.85 million), from the 30.4 million pound loss it reported a year earlier.    ($1 = 0.8216 pounds)    (Reporting by Radhika Anilkumar in Bengaluru; Editing by Krishna Chandra Eluri)


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