WETHERSPOONS customers could face further price hikes as the pub giant said it expects to break even this year after returning to profit in the third quarter.

Chairman Tim Martin shared the warning to customers of the popular pub chain known for it’s cheap prices for beer and food.

Wetherspoons customers warned over further price hikes

He said the group is “cautiously optimistic about the prospect of a return to relative normality” in the next financial year, but warned over rocketing inflation.

“As many hospitality companies have indicated, there is considerable pressure on costs, especially in respect of labour, food and energy,” he said.

“Repairs are also running at a higher rate than before the pandemic.

"The company anticipates a continuing slow improvement in sales, in the absence of further restrictions, and anticipates a 'break-even' outcome for profits in the current financial year."

Britain’s hospitality sector is slowly recovering after a series of Covid lockdowns hammered trading.

Sales are now bouncing back, but firms are dealing with the next crisis as the Ukraine war compounds already sky-high inflation.

Rising staff wages, eye-watering energy bill increases and higher food costs are all conspiring to take their toll on hospitality companies.

JD Wetherspoon said like-for-like sales in its third quarter to April 24 were 4% below the same period in 2019 before the pandemic struck, but bounced back to stand slightly higher in the final two weeks.

It said it had returned to profit since March 13 and is hopeful of a further gradual improvement in sales over its final quarter.

The figures come after half-year results in March showed it remained in the red with a pre-tax loss of £21.3 million for the six months to January 23.

Wetherspoons pubs in Gwent:

  • Newport: The Godfrey Morgan, Chepstow Road
  • Newport: The John Wallace Linton, Cambrian Centre
  • Abergavenny: The Coliseum, Lion Street
  • Abertillery: The Pontlottyn, Somerset Street
  • Blackwood: The Wyndham Arms, Dunraven Place
  • Caerphilly: The Malcolm Uphill, Cardiff Road
  • Chepstow: The Bell Hanger, St Mary Street
  • Cwmbran: The John Fielding, Caradoc Road
  • Ebbw Vale: The Picture House, Market Street
  • Monmouth: The King’s Head, Agincourt Square
  • Tredegar: The Olympia, Morgan Street