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British pub group JD Wetherspoon expects profit at upper end of market forecast
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(Reuters) – British pub group J D Wetherspoon on Wednesday forecast its profit to be towards the upper end of market expectations after it posted higher third-quarter sales, aided by strong demand for its traditional ales and vodka.
(Reuters) – British pub group J D Wetherspoon on Wednesday forecast its profit to be towards the upper end of market expectations after it posted higher third-quarter sales, aided by strong demand for its traditional ales and vodka.
The group, which owns and operates pubs across the UK and Ireland, reported a 5.2% rise in like-for-like sales for the 13 weeks to April 28.
(Reporting by Radhika Anilkumar in Bengaluru; Editing by Sherry Jacob-Phillips and Rashmi Aich)
Profit is the financial gain obtained when the revenue generated from business activities exceeds the costs and expenses associated with those activities.
Traditional ales are beers that are brewed using traditional methods and ingredients, often characterized by their unique flavors and historical significance in brewing culture.
Like-for-like sales refer to the comparison of sales figures from the same store or business unit over different time periods, excluding the effects of new openings or closures.
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