J D Wetherspoon down after co warns annual profit may miss expectations (updated)

J D Wetherspoon

20/03/2026 12:22

Updates

** Shares of British pub chain J D Wetherspoon JDW.L falls as much as 14.6% to 530.5p, biggest one-day percentage loss since October 2020

** Co warns annual profit may come in below current market expectations given pressure on consumer finances, higher taxes, wages, and energy costs in the hospitality industry

** Co's H1 adjusted pre-tax profit is down by 37% at 26 million pounds ($34.92 million)

** Brokerage Interactive Investor said extra annual costs from wages, national insurance, energy, and packaging costs pose significant headwinds

** Four of the 10 analysts covering the stock have a "buy" or higher rating, five have "hold" while one rates it at "sell"; median PT is 750p - LSEG data

** YTD, stock is down ~25%

($1 = 0.7445 pounds)

 (Reporting by Neeshita Beura in Bengaluru)

 ((Neeshita.Beura@thomsonreuters.com))