Wetherspoon Sets Cautious Tone on Higher Costs in U.K.

Dow Jones

Nov 05

By Andrea Figueras

J.D. Wetherspoon set a more cautious tone for the remainder of the year, saying the company faced higher costs due to U.K. government policies.

The London-listed pub chain said Wednesday that sales in the first 14 weeks of fiscal 2026 to Nov. 2 grew 3.7% compared with the same period last year on a like-for-like basis.

The company didn't provide a numerical guidance for the year as a whole, but said that higher labor and energy costs as well as taxation could weigh on its performance.

"The company is pleased with the continued sales momentum but is mindful of the Chancellor's Budget statement later this month," Chair Tim Martin said. The U.K. finance chief Rachel Reeves is expected to outline higher taxes during her Autumn budget statement later this month.

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

November 05, 2025 02:41 ET (07:41 GMT)

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Wetherspoon set a more cautious tone for the remainder of the year, saying the company faced higher costs due to U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. government policies. \n</p>\n<p>\n  The London-listed pub chain said Wednesday that sales in the first 14 weeks of fiscal 2026 to Nov. 2 grew 3.7% compared with the same period last year on a like-for-like basis. \n</p>\n<p>\n  The company didn't provide a numerical guidance for the year as a whole, but said that higher labor and energy costs as well as taxation could weigh on its performance. \n</p>\n<p>\n  \"The company is pleased with the continued sales momentum but is mindful of the Chancellor's Budget statement later this month,\"  Chair Tim Martin said. 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Wetherspoon set a more cautious tone for the remainder of the year, saying the company faced higher costs due to U.K. government policies.The London-listed pub chain said Wednesday that sales in the first 14 weeks of fiscal 2026 to Nov. 2 grew 3.7% compared with the same period last year on a like-for-like basis.The company didn't provide a numerical guidance for the year as a whole, but said that higher labor and energy costs as well as taxation could weigh on its performance.\"The company is pleased with the continued sales momentum but is mindful of the Chancellor's Budget statement later this month,\"  Chair Tim Martin said. The U.K. finance chief Rachel Reeves is expected to outline higher taxes during her Autumn budget statement later this month.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4209":"餐馆","JDWPY":"J.D. Wetherspoon PLC"},"translate_title":"韦瑟斯彭对英国成本上升定下谨慎基调。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JDWPY":0.9},"content_text":"By Andrea Figueras \n\n\n \n\n\n  J.D. Wetherspoon set a more cautious tone for the remainder of the year, saying the company faced higher costs due to U.K. government policies. \n\n\n  The London-listed pub chain said Wednesday that sales in the first 14 weeks of fiscal 2026 to Nov. 2 grew 3.7% compared with the same period last year on a like-for-like basis. \n\n\n  The company didn't provide a numerical guidance for the year as a whole, but said that higher labor and energy costs as well as taxation could weigh on its performance. \n\n\n  \"The company is pleased with the continued sales momentum but is mindful of the Chancellor's Budget statement later this month,\"  Chair Tim Martin said. The U.K. finance chief Rachel Reeves is expected to outline higher taxes during her Autumn budget statement later this month. \n\n\n \n\n\n  Write to Andrea Figueras at andrea.figueras@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 05, 2025 02:41 ET (07:41 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}