Wetherspoons warns on profits as higher costs bite, shares dive.
Pub chain JD Wetherspoon on Wednesday warned annual profits were likely to miss market expectations, with marginally lower sales than anticipated in the final quarter on the back of higher costs and taxes.
Source: Sharecast
In an unusually brief trading update, the company said like-for-like sales increased 4% in the 12 weeks to July19, compared to the same period last year. Year-to-date like-for-like sales increased by 4.2%.
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