JD Wetherspoon has delivered a fresh blow to investors, issuing a profit warning after reporting sales growth that fell short of expectations. The announcement has dampened hopes that the pub chain would benefit significantly from the World Cup and recent warm weather.
The British pub giant, which oversees 793 managed pubs and 23 franchise sites across the UK, saw sales increase by 4% in the three months leading up to 19 July, compared with the previous year. However, this figure was not enough to satisfy market predictions.
