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UK’s Wetherspoon posts 13.1% rise in sales for 25-wk period
Quick Summary
(Reuters) – UK’s J D Wetherspoon reported a 13.1% rise in like-for-like sales for the 25 weeks to Jan. 22 on Wednesday, as customers spent on drinks and food over the holidays, the first not marred by COVID restrictions.
(Reuters) – UK’s J D Wetherspoon reported a 13.1% rise in like-for-like sales for the 25 weeks to Jan. 22 on Wednesday, as customers spent on drinks and food over the holidays, the first not marred by COVID restrictions.
This was 0.7% lower than its pre-pandemic levels, Wetherspoon said.
(Reporting by Radhika Anilkumar in Bengaluru; Editing by Janane Venkatraman)
Frequently Asked Questions about UK’s Wetherspoon posts 13.1% rise in sales for 25-wk period
1What is like-for-like sales?
Like-for-like sales refer to the revenue generated by stores that have been open for a year or more, allowing for a direct comparison of sales performance without the influence of new store openings.
2What is a pandemic?
A pandemic is an outbreak of a disease that occurs on a global scale, affecting a large number of people across multiple countries or continents.
3What is the UK economy?
The UK economy refers to the economic system of the United Kingdom, characterized by a mixed economy that includes both private and public sector enterprises.
