May 3, 2017 / 6:28 AM / 4 months ago

Pubs operator JD Wetherspoon reports higher sales, warns on costs

May 3 (Reuters) - British pubs group JD Wetherspoon warned of "significantly higher" costs in the second half of the year and said it remained cautious, while reporting quarterly comparable sales growth of 4 percent.

The owner and operator of more than 900 pubs in Britain and Ireland said third-quarter like-for-like sales for the 13 weeks to April 23 increased by 4 percent, higher than the 3.8 percent advance seen last year.

The company, however, said it expects slightly improved trading outcome for the year compared with previous expectations.

Reporting by Rahul B and Abinaya Vijayaraghavan in Bengaluru; editing by Jason Neely

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