Wetherspoon said that sales soared compared to last year and it has cut losses significantly, but the company is still not back to where it was before the pandemic. The pub chain said that it is proving “a momentous challenge” to persuade pubgoers back into its bars across the country after they started stocking up their fridges during lockdown.
Total sales rose from £773 million to more than £1.7 billion in the year to the end of July. But sales were still behind the over £1.8 billion the company recorded in 2019. The same story could be seen on pre-tax losses, which were cut from £167 million before exceptional items last year, to just £30.4 million this year.
Before the pandemic the company made a profit of £132 million.
