JD Wetherspoon reports a “return to more normal trading patterns" following the end of pandemic restrictions
The group said sales over the past three weeks have been marginally below pre-pandemic levels as it more than halved its losses amid the continued recovery in trade.
Wetherspoon reported a pre-tax loss of £21.3 million for the 26 weeks to January 23, compared with a £46.2 million loss over the same period the previous year.
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Tim Martin, chairman of JD Wetherspoon, said: “Following a traumatic two years for many businesses and people, the ending of Covid restrictions has brought a return to more normal trading patterns in recent weeks.
“As indicated above, trade for the last three weeks was 2.6% below the equivalent period in 2019, reflecting an improving trend.
“Contrary to some reports, the company has a full complement of staff and is fully stocked, with some minor exceptions.
“There is pressure on input costs from food, drink and energy suppliers, mitigated to an extent by a number of long-term contracts.
“Overall, the company expects the increase in input prices to be slightly less than the level of inflation.”