Overview

• For the year to 27 July, revenue reached about £2.13 billion, like-for-like sales rose 5.1%, profit before tax increased 10.1% to £81 million, and earnings per share were 50.8p.
• Like-for-like sales grew 3.2% in the first nine weeks of the new financial year to 28 September.
• Management highlighted higher employer national insurance and wage costs totalling around £60 million, plus an estimated £7 million in non-commodity energy charges and £2.4 million from the extended producer responsibility levy.
• The estate stood at 794 pubs at year-end, with plans to open 15 managed sites and 15 franchised pubs in the year ahead.
• Wetherspoon said it has outperformed the CGA RSM industry tracker for a 36th straight month, hotel room sales fell nearly 12% after leaving online agents, and the board proposed a 12p dividend.