According to Mr. Martin, it is undeniable that consumers will abandon brands that lower the alcohol content of their beers. He even hinted that JD Wetherspoon might stop selling such brands, although he doesn’t want to issue threats to suppliers.
JD Wetherspoon has reported an impressive 11% increase in sales over the past 10 weeks, surpassing pre-pandemic levels from 2019. Compared to the previous year, sales have risen by 11.5%.
The company has significantly reduced its debt by approximately £600m since 2020. It has also invested £116m in new pubs and £82m in repurchasing freeholds for its existing pubs.
Currently operating 827 pubs in the UK, JD Wetherspoon has successfully generated £6.5m from the sale of 28 of its pubs. Additionally, 22 pubs are still on the market or under offer.
Mr. Martin vehemently denied reports that the pub sales were influenced by the economic challenges faced by the hospitality industry. He clarified that the sales were primarily driven by the proximity of these pubs to other JD Wetherspoon sites.
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