Wetherspoon sales drop by more than a quarter because of lockdown restrictions
Wednesday, November 11, 2020
J D Wetherspoon have reported revenue decreased for the company's first quarter of the new financial year, which was hit by new coronavirus restrictions, including changes to tier classes and a 10 p.m. curfew.
JD Wetherspoon has revealed first-quarter sales plunged by 27.6 per cent, saying it is set to burn about £14 million as its 756 pubs are forced to close amid a second lockdown in England.
The onerous tier system in Scotland, however, reportedly has "serious implications" for commerce.
Wetherspoon said Edison Group could not rule out layoffs in the future because it suffered its first full-year loss in 36 years.