Founder and chairman Tim Martin said it has seen sales ‘continue to improve’ into the new financial year.
Pub giant JD Wetherspoon revealed a jump in profits for the past year as it witnessed higher customer demand in the face of cost-of-living pressures.
The company told shareholders on Friday morning that pre-tax profits surged by almost eight-fold to £36 million for the year to January, compared with £4.6 million a year earlier.Like-for-like sales grew by 7.4% for the year, with this now 15.3% ahead of pre-pandemic levels from 2019. Mr Martin said it has seen like-for-like sales grow 5.8% so far in February and March as it continued to witness an improvement in demand from customers.
The company said: “In the last decade, there has been a reduction in the number of trading Wetherspoon pubs, which peaked at 955 in December 2015.
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