UK pub group JD Wetherspoon has reported an almost 28% jump in profit before tax and exceptional items to £102.8m.
The company is the owner and operator of over 900 pubs in Britain and Ireland.
Like-for-like sales grew 4% while total sales grew 4.1% to £1.66 billion, slowing from 5.4% growth the previous year.
"Since the year end, Wetherspoon's like-for-like sales have continued to be encouraging and have increased by 6.1%. This is a positive start, but is for a few weeks only - and is very unlikely to continue for the rest of the year," Chairman Tim Martin said.
UK pub and restaurant groups including Mitchells & Butlers and Whitbread have warned that growth will slow as customers rein in spending amid rising inflation.
