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British pub group JD Wetherspoon expects profit at upper end of market forecast

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(Reuters) – British pub group J D Wetherspoon on Wednesday forecast its profit to be towards the upper end of market expectations after it posted higher third-quarter sales, aided by strong demand for its traditional ales and vodka.

The group, which owns and operates pubs across the UK and Ireland, reported a 5.2% rise in like-for-like sales for the 13 weeks to April 28.

 

(Reporting by Radhika Anilkumar in Bengaluru; Editing by Sherry Jacob-Phillips and Rashmi Aich)

 

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