UK's Wetherspoon warns on annual profit, shares fall
22/07/2026 08:15
BUZZ-UK's Wetherspoon warns on annual profit, shares fall ** Shares of British pub operator J D Wetherspoon JDW.L fall 10% to 676p, top losers in FTSE midcap index .FTMC
** J D Wetherspoon issues fourth annual profit warning in seven months, citing weaker-than-expected final-quarter sales and surging costs across food, labour, repairs, energy and business rates as reasons for missing expectations
** Company's LFL sales rose 4% in the 12-week period ended July 19
** YTD, stock down ~7% incuding session losses
(Reporting by Anushka Chourasia in Bengaluru)