Pub operator J D Wetherspoon upbeat despite weaker World Cup sales
Published 09/07/2014 | 07:55
UK pub operator JD Wetherspoon, which opened its first Irish pub in Dublin's Blackrock this week, said today that sales have been slightly weaker during the World Cup.
However, the company said for the 10 weeks for July 6, like-for-like sales increased by 4.9pc, and total sales increased by 10.3pc.
In the year to date, like-for-like sales were up 5.4pc and total sales increased by 9.8pc.
"In the next financial year, we expect the operating margin to be in the region of 7.7% to 8.1pc, subject to the level of like-for-like sales, the number of new openings and cost pressures," the company said in a statement.
The company is also planning to open pubs in Dun Laoghaire and Cork.