J.D. Wetherspoon reports 10% profit increase amid rising costs

Published 03/10/2025, 07:16
J.D. Wetherspoon reports 10% profit increase amid rising costs

LONDON - British pub operator J.D. Wetherspoon PLC reported a 10.1% increase in profit before tax to £81.4 million for the 52 weeks ended July 27, 2025, according to a preliminary results statement released Friday.

The company posted a 5.1% rise in like-for-like sales compared to the previous year, with total revenue increasing 4.5% to £2.13 billion. Operating profit before separately disclosed items grew 4.9% to £146.4 million.

In the nine weeks following the reporting period, through September 28, Wetherspoon’s like-for-like sales increased by 3.2%. The company noted this marked the 36th consecutive month it has outperformed the CGA RSM Hospitality Business Tracker, which reported industry-wide like-for-like sales growth of 0.5% for August.

Chairman Tim Martin highlighted upcoming cost pressures, including approximately £60 million in additional expenses from increases in national insurance and labor rates, along with £7 million in non-commodity energy costs. The company also faces a £1.6 million increase in packaging taxes through the recently introduced Extended Producer Responsibility levy.

Wetherspoon maintained its full-year dividend at 12.0 pence per share, unchanged from 2024. Basic earnings per share before separately disclosed items rose 4.5% to 50.8 pence, while free cash inflow per share jumped 79.2% to 47.3 pence.

The company stated it generated £838 million in taxes for the UK government during the financial year, representing approximately £1 in every £1,000 of all UK tax revenue.

Despite cost pressures, Wetherspoon indicated it anticipates "a reasonable outcome" for the current financial year, according to the press release statement.

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