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Pub/Bar/Nightclub

Wetherspoon Expected To Record Annual Loss For Year To July Of 2020

By Dave Simpson

Pub group JD Wetherspoon is expected to record an annual loss due to the continuing COVID-19 crisis when it reveals its results for the year to July of 2020 on Friday October 16.

Hargreaves Lansdown Analyst Statement

The Irish Examiner quotes Hargreaves Lansdown senior investment and markets analyst Susannah Streeter as saying, "Its pubs were forced to shut for three months and the company spent £15 million on hygiene and social distancing measures when they reopened.

"Recouping those costs and the loss of business won't be easy, given the slow economic recovery and the earlier closing times the chain has now to adhere to."

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Hospitality venues in the UK are currently required to close by 10pm.

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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