Wetherspoons profits down by 19%



Trying to keep drink prices down while the tax on drink rises every year, coupled with extra provisions being needed for staffing and pensions
 
Wetherspoon's profits plunge by 19%

Lots of potential factors in the mix of course, but possibly a bit of a kick back at Tim Martin as well?
I used to meet friends for a weekly get together in one near us, but we've all agreed to stop funding him since he posted propaganda everywhere in the place, and even posted it to our homes. I'm sure we're not alone in our boycoutt.
 
Revenue and like for like sales up by 6&7%
Staffing cost rises, depreciation, repairs etc all listed as extra costs, can’t really see what the problem is
 
It’s profit, not sales that matter, no?
It is indeed but if you have repairs, extra staffing costs,depreciation of assets and the like profit will naturally go down, especially with a company that isn’t trying to screw every last penny out of customers. I doubt he’d get many plaudits from customers for sticking an extra 50p on a pint to preserve his profits
 
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He’s a fcking knacker politically but god knows what’ll happen to British pub culture if he gets in trouble.
I give him a pass as Spoons are a decent institution
 
He’s a fcking knacker politically but god knows what’ll happen to British pub culture if he gets in trouble.
I give him a pass as Spoons are a decent institution
Love him or loathe the fella on a personal level he offers a decent product for a decent price. No matter wher you go in the country you know what your going to get at a reasonable price
 
Love him or loathe the fella on a personal level he offers a decent product for a decent price. No matter wher you go in the country you know what your going to get at a reasonable price
A lot of big business owners have questionable views or ethics, but it doesn't deter most people from using their company unless it's extreme. His political views won't turn off anywhere near enough people to stop people using spoons. I'd bet at least 90% of people who go to the cooper rose on the weekend couldn't even tell you who the bloke is if you asked
 

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