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JD Wetherspoon Issues Profit Warning as Costs Bite Into Full-Year Outlook
['Martin Holloway']
Financial News
JD Wetherspoon issued a profit warning on Wednesday, with the pub group’s shares falling 8.1% in early trading after chairman Tim Martin said full-year profits would fall short of market expectations.
Analyst consensus ahead of the announcement had placed underlying pre-tax profit for the year at £70.8 million, according to a Hargreaves Lansdown share research note.
Sales Growth Falls Short as the Wetherspoon Profit Warning LandsLike-for-like sales rose 4.0% in the 12 weeks to 19 July, with year-to-date growth of 4.2%.
In the financial year ending July 2025, the company paid £45.0 million in bonuses and free shares to employees, with 86.3% going to staff working in pubs, according to the JD Wetherspoon people page.
The original trading statement, filed on 22 July 2026, contained a date error that was subsequently corrected via a follow-up RNS on Investegate.