Market PositionWith a low price position relative to other operators, Wetherspoon's is better-placed to absorb the impact of increased wages affecting the whole industry.
Sales PerformanceCurrent trading continues to be strong at +5.0%, well ahead of the market.
Value PropositionWetherspoon's low-price consumer proposition should benefit in the event of trading down, with market share gains as smaller scale operators struggle to absorb wage increases.