Summary
Pubs chain JD Wetherspoon failed to report an improvement in trading yesterday after severe price competition continued to leave sales 'below par'. The business said like-for-like sales declined 0.3% in the 13 weeks to October 24, slightly worse than the flat performance it reported for August.
Wetherspoon repeated earlier guidance that price competition remained considerable and that overheads such as power and labour had risen sharply.See the full content of this document
Extract
Wetherspoon Feels the Price Pinch
Shares in the company, which have fallen sharp...
See the full content of this document
Sponsored links
