Wetherspoon's Sales Surge Despite Pub Closures
Tim Martin urges tax reforms as the pub chain sees record sales but continues to downsize its estate.
- Wetherspoon's like-for-like sales increased by 5.8% in the last 10 weeks and 7.7% year-to-date.
- The company has opened two new pubs but closed or sold 26 venues, with 10 more on the market.
- Chairman Tim Martin praised Chancellor Rachel Reeves’ economic background and called for tax equality between pubs and supermarkets.
- The pub chain aims to reduce its debt, which is expected to be around £670 million by the end of the financial year.
- Wetherspoon plans new openings in London and Buckinghamshire despite its smaller overall estate.
The Independent 
The Guardian 
Evening Standard 