Table of Contents
Wetherspoons is set to toast a surge in sales and profits after showing Euro 24 matches.
Most of its 809 pubs have provided coverage, except for the 21 that do not have television.
Spoons does not usually broadcast live sports, but has made concessions for the 2022 World Cup. Sales are expected to rise by 6 percent for the current quarter.
And profits are forecast to hit the upper end of expectations, which could be £75m for the year.
Increased beer sales during the tournament, in which England reached the semi-final, may have mitigated the impact of a wet June, analysts said.
Raising a glass: ‘Spoons’ doesn’t usually broadcast live sport but gave in for the 2022 World Cup
Derren Nathan, of Hargreaves Lansdown, said: ‘England’s possibly fortunate progress will not affect pub takings at all, but that may be offset to some extent by the wettest spring since 1986.
‘Investors will be watching for any changes in the forecasts.’
Wetherspoons will publish a trading update on Wednesday.
DIY INVESTMENT PLATFORMS
AJ Bell
AJ Bell
Easy investment and ready-to-use portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free investment ideas and fund trading
interactive investor
interactive investor
Flat rate investing from £4.99 per month
eToro
eToro
Stock Investing: Community of Over 30 Million
Trade 212
Trade 212
Free and commission-free stock trading per account
Affiliate links: If you purchase a product This is Money may earn a commission. These offers are chosen by our editorial team as we believe they are worth highlighting. This does not affect our editorial independence.
Compare the best investment account for you
