Rising costs hit Wetherspoon pubs
Stiff price competition and rising costs knocked like-for-like sales at JD Wetherspoon in the first three months of its new financial year, the pub company said today.
Like-for-like sales declined by 0.3% in the 13 weeks to 24 October, although overall sales grew by 3% to £200.5m.
The company pointed the finger of blame firmly at "price competition", which it said remained "considerable", and the rising cost of labour and utilities.
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