Wetherspoon’s issues fourth profit warning in seven months

Pub chain blames worse-than-expected sales on rising costs for workers, food, energy and property taxes

• https://www.theguardian.com/business/live/2026/jul/22/uk-inflation-food-and-fuel-prices-drop-economy-latest-news">Business live – latest updates

JD Wetherspoon has issued itshttps://www.theguardian.com/business/2026/may/06/jd-wetherspoon-third-profit-warning-this-year-rising-costs-tim-martin"> fourth profit warning in seven months, with the pub chain blaming worse-than-expected sales, despite the World Cup, as it struggled with rising costs for food, workers, energy and property taxes.

Shares in the pub chain tumbled 10% on Wednesday morning as its chair, Tim Martin, warned that profits would fall short of forecasts when it reports full-year earnings in October.