JD owner Viruspoon It is said that the pub group will try to “keep the price increase” amid pressure from rising labor costs despite reporting high sales and profits in the last one year.
The company, which operates around 800 pubs across the UK, has benefited from continuing trading to improve recent months.
It was discovered that it generated a total revenue of £ 2.13 billion for the year 27 July.
This was 4.5% higher than the first year, while sales on an uniform basis excludes the effect of the opening and closure of the pub-5.1%.
It was inspired by growth of both bar and food sales, while hotel room sales fell to about 12% after deciding to get out of online booking agents in Britain.
Wetherspoon said sales like sales increased by 3.2% in the first few weeks of the new financial year.
The group ran 794 pubs at the end of the financial year, and planned to open 15 managed pubs and 15 franchise pubs in the year ahead.
Wetherspoon President Sir Tim martin Said that national insurance contribution and increase in wages were adding about 60 million pounds to its annual cost, while it was also impacting energy costs and new packaging taxes.
He said, “Cost increases such as it will undoubtedly add the underlying inflation to the UK economy, although Vetraspoon, as usual, will try to keep the price increase minimal,” he said.
“The company currently estimates a proper result for the financial year, although the increase in government costs in areas such as energy may affect the result.”
Senior analyst Robin Dafi, a senior analyst at Consumer Markets at RSM UK, stated that Vedharspoon’s “Wide UK pubs continue to improve the market”.
“The sale of the drink remains strong, while the food division makes its appeal wider throughout the day, the whole day’s breakfast and other affordable staples are particularly popular,” she said.
“The hotel is submerged this year, but has not performed overall.
“Importantly, the highly competitive pricing of the vetharspoon continues to reduce its ability to attract cost-conscious consumers.”