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 (Other OTC: IRLD - news) 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)