Profits at UK pub chain JD Wetherspoon fell 19% within the six months to the tip of January.
It blamed an increase in labour prices, curiosity funds, utility payments, repairs and depreciation for the autumn.
Its chairman, Brexit supporter Tim Martin, who typically accompanies outcomes bulletins together with his vibrant opinions, expressed concern that Brexit can be reversed.
This, he stated, would have “adverse economic consequences”.
He blamed “the establishment” for a “barrage of negative economic forecasts”.
Mr Martin is at present touring 100 of his 900 pubs, speaking to punters concerning the deserves of leaving the EU with out a deal on 29 March.
The firm, which additionally owns pubs in Ireland, is changing champagne and prosecco with non-European Union glowing wines.
There has additionally been a change within the beers accessible. Wheat beer and alcohol-free beer from the UK are changing beers brewed in Germany.
Although profits fell sharply, gross sales on the chain are persevering with to rise.
Wetherspoon’s revenues rose by 7%, and like-for-like gross sales by greater than 6%.
Richard Hunter, of Interactive Investor, stated the business as a complete was struggling: “The wafer-thin margins within the industry are susceptible to any spike in costs, which leaves the pubs vulnerable from an investment perspective.”
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