Wetherspoons sales and shares reach new high

Wetherspoon, owner and operator of more than 900 pubs in Britain and Ireland, has reported an almost 28 percent jump in annual pretax profit, helping to send shares in the company to a record high. Adding to the cheerful mood, the company said trading had remained strong in recent weeks. “Since the year end, Wetherspoon’s like-for-like sales have continued to be encouraging and have increased by 6.1 percent,” Chairman Tim Martin said.

A vital part of Wetherspoon’s appeal to customers is the (relative) quiet of their pubs, thanks to the lack of piped music in all branches. Other pub chains should take note.