J D Wetherspoon Warns of Lower 2026 Performance as Costs Climb

J D Wetherspoon Plc expects full-year trading to come in slightly below last year’s levels as higher costs weigh on the pub operator’s profitability.

Chairman Tim Martin said earnings in the first half are likely to be lower than a year earlier after experiencing costs that were “higher than anticipated.” Costs for energy, wages, repairs and business rates increased by £45 million ($60.5 million) in the first 25 weeks, he said.