Fans flock in as Wetherspoons switches on for Euros
Wetherspoons is set to toast an uptick in sales and profits after showing Euro 24 matches.
Most of its 809 pubs have provided coverage, apart from the 21 that do not have TVs.
'Spoons' does not usually show live sport but relented for the 2022 World Cup. A 6 per cent rise in sales is expected for the current quarter.
And profits are forecast to reach the upper end of expectations, which could be £75m for the year.
Booming beer sales during the tournament, at which England have reached the semi-final, may have mitigated against the impact of a wet June, analysts said.
Raising a glass: 'Spoons' does not usually show live sport but relented for the 2022 World Cup
Derren Nathan, at Hargreaves Lansdown, said: 'England's arguably fortunate progress won't be doing bar takings any harm but that may be somewhat offset by the wettest spring since 1986.
Share this article
'Investors will be looking out for any changes to guidance.'
Wetherspoons will post a trading update on Wednesday.
DIY INVESTING PLATFORMS
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investing account for you
