Wetherspoons confirms FY earnings to miss forecasts

Shares in pub group JD Wetherspoon (LON:JDW) dropped 8% after chairman Tim Martin confirmed FY earnings were likely to miss forecasts. Martin blamed lower-than-expected Q4 sales and higher costs across food, labour, repairs, energy and business rates. Below expectations In a trading update covering the 12 weeks to 19 July, the firm said like-for-like sales … Continue reading Wetherspoons confirms FY earnings to miss forecasts