Consequently, Tim Martin, the business's founder and chairman, stated that the company anticipates yearly earnings to be “beyond market expectations.”

In the 13 weeks leading up to April 28, like-for-like sales climbed by 5.2% compared to the same period last year, while overall sales increased by 3.3%, according to Wetherspoons, which operates 809 pubs throughout the UK and Ireland.

Although there was a modest pause in growth, the company's revenues have increased by 6.5% so far, this financial year.

Wetherspoons emphasised that the bank holiday weekend's timing, which occurred outside of this year's most recent quarter but not last year's, also had an effect.

According to Mr. Martin, the organisation has profited from the resurgence of traditional ale and the Guinness brand's explosive rise in popularity.

“Sales in the period continued the steady recovery from the pandemic,” he stated.

“Traditional ales, which were very slow in the aftermath of the lockdowns, are increasing momentum, with Abbot Ale, Ruddles Bitter, and Doom Bar showing good growth, as indeed are ales from the many small and micro brewers with which we trade,” he stated.

“The gods of fashion have smiled upon Guinness, previously consumed by blokes my age, but now widely adopted by younger generations,” he said.

The group's younger clientele also contributed to the outstanding sales of Au Vodka and XIX vodka.

Mr. Martin also noted that wine is “on the comeback trail” and that sales of its Lavazza coffee refills had been "increasing".

The pub firm reported to investors today that, so far this year, it had established two new pubs and sold or turned over eighteen others to the landlord.

The pubs gave it a net cash flow of £6.8 million, and it stated that another 17 were either for sale or were being considered for an offer.