JD Wetherspoon (JDW) has this morning reported a 2.4% increase in like-for-like sales for the 13 weeks to 24 April.
The 787-strong managed pub company, said that total company sales during the period increased by 7.4%.
It said that it expected to produce "a reasonable outcome" in its current financial year. Like-for-like sales for the 39 weeks to 24 April were up by 2.4% and company sales climbed by 7.6% on the previous year.
The company has opened 29 new pubs and closed two pubs since the start of the financial year. A number of sites are under development and, in line with previous estimates, it intends to open approximately 50 pubs in the current financial year
JDW said: "As previously stated, the company, in common with many businesses, continues to be faced with rising costs for a wide range of goods and services, combined with a reduction in disposable income for many of its customers.
"Sales and cashflow continue to be resilient and the performance of our recently opened pubs remains encouraging, which should enable the company to produce a reasonable outcome in the current financial year."