Latest Financial Results...

Financial performance doesn't just depend on sales. Wetherspoons, which announces it's financial position this week grapples with  a huge tax increase of 50 million pounds.

If you are looking at a PEST analysis of a company this might count as a political factor.

Wetherspoons recently attacked cost pressures from government legislation , including increases in excise duty, business rates and carbon tax.

Their total tax bill in the current financial year will be around 500 million.

(Daily Express, Monday July 9th, p.47)

Wetherspoons Profits to soar ?

After a disastrous couple of weeks for high street companies there may be some relief when Wetherspoons announces a trading update on Wednesday (13th July). The previous day the company opens it's latest pub The London Hatter in Park Street, Luton.

There are now two Wetherspoons outlets in Bedford and two in Luton. Cheap beer, meals and coffee, plus an extensive breakfast menu seem to be behind the success of the chain.

Breakfast demand boosts Wetherspoons

As well as the offers of cheap beer and food Wetherspoons Pub chain is now one of the biggest coffee chains in the UK.
There has been a 40% rise in sales since the chain started opening at 7pm recently.

Other good news for the pub chain

• Profits up 7%
• 2,400 new jobs
• 47 new outlets ( total is now 775)

In fact I wish I had some shares.....

Anon (2010) Breakfast demand boosts Wetherspoons, Yorkshire Post, 10th September [accessed via Newsbank Database] on 15th September 2010