Wetherspoon H1 profit dips as higher costs hit margins
date:Mar 18, 2013
down 1 percent year-on-year to 8.3 percent for the first-half, reducing the impact of rising sales brought on by cash-strapped customers choosing its value-led offers over more expensive competitors.

It's not great to put our like-for-like sales up by 7 percent and to have no profit growth to show from it, it does make me want to cry into my beer, Wetherspoon chairman Tim Martin told Reuters, adding that he hoped improved products and the look of his pubs would ultimately help to grow profit.


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