Wetherspoon warns profits may miss targets as costs rise

The pub chain warned that higher energy and tax costs could pull annual profits below market estimates. Half-year profits fell to 26 million pounds in 2026.

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The prominent pub operator J D Wetherspoon has warned that its annual profits may fall below market estimates, citing the impact of rising energy costs, increased taxes, and a downturn in consumer spending. Headquartered in Hertfordshire, the company noted that while government support for property taxes in the United Kingdom has offered some relief, the broader economic climate remains challenging.

Patrons enjoy drinks outside a Wetherspoon public house in London, England, on October 6, 2023. REUTERS/Susannah Ireland
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