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John Lewis Partnership reports £88M loss amid tax hikes but expects profit growth by year-end.
The John Lewis Partnership, which operates John Lewis stores and Waitrose, reported an £88 million loss in the first half of the year due to increased taxes on national insurance and packaging.
Despite this, the company remains optimistic about achieving profit growth for the full year, crediting investments in technology and store improvements for a 5% revenue increase to £5.4 billion.
The loss includes exceptional costs and non-cash impairments, with the company expecting stronger profits in the second half, driven by continued sales growth and the key Christmas trading period.
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John Lewis Partnership reporta pérdidas de 88 millones de libras en medio de aumentos de impuestos, pero espera un crecimiento de las ganancias para fin de año.