By Sachin Ravikumar
Nov 10 (Reuters) - Call them "old fashioned" but younger
drinkers have been ordering more cocktails, vodka and rum,
Britain's J D Wetherspoon said on Wednesday, with beer
sales slipping as older people go to the pub less often.
Pub chain Wetherspoon and Britain's wider hospitality
industry, which were pummelled by the COVID-19 pandemic and are
now also battling staff shortages and supply woes, are
navigating a long road to recovery.
"In the last 15 weeks, there has been a considerable
increase in sales of the range of drinks often consumed by
younger customers," Wetherspoon said in a statement, noting
cocktail sales had jumped 45%, vodka by 17% and rum 26%.
By contrast, draught drinks, more often favoured by older
pub goers, have been "under pressure," it said. Sales of
traditional ales slid 30% while those of stout fell 20%.
Wetherspoon's shares slipped 4% to 993 pence by 0856 GMT
after the company also reported an 8.9% drop in like-for-like
sales for the 15 weeks to Nov. 7.
The figures come about a month after Wetherspoon, one of
Britain's biggest pub groups which is often referred to by its
younger customers simply as "Spoons", reported a larger loss for
the year ended July 25.
"A material proportion of our trade comes from older
customers, some of whom have visited pubs less frequently in
recent times," Wetherspoon Chairman Tim Martin said.
While there have been no COVID-19 outbreaks among customers
in Wetherspoon pubs, some had been "understandably cautious",
Martin said, adding that any improvement in trade will depend to
some extent "on the outlook for the COVID-19 virus".
Wetherspoon said trade had been positive in many cities and
towns contrary to some forecasts, including its own.
Its pubs in central Liverpool, Newcastle Upon Tyne and
Oxford all showed double-percentage-digit sales increases, while
sales in central London slumped 17.4%.
Supply chain problems have eased in recent weeks, it said,
while noting that the "busy Christmas period is yet to come".
Staffing issues may have also eased, it said, with a
"reasonable level" of job applications, while its employees had
increased 14% from April to more than 42,000.
(Reporting by Sachin Ravikumar in Bengaluru; Editing by
Alexander Smith)