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flag JD Wetherspoon's profits dropped 31.9% in 2026 due to rising labor, energy, and packaging costs, despite higher sales and revenue.

flag JD Wetherspoon reported a 31.9% drop in pre-tax profits to £22.4 million for the 26 weeks ending January 25, 2026, citing rising costs including £60 million in annual labor expenses, £7 million in higher energy bills, and £2.4 million from a new packaging tax. flag Despite a 5.7% revenue increase to £1.87 billion and a 4.8% rise in like-for-like sales, operating profit fell 18.4% to £52.9 million. flag The company plans to open up to 35 new pubs, including 15 managed and 15–20 franchised locations, while maintaining its year-end net debt forecast and aiming to limit price increases.

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