JD Wetherspoon warns profits may miss targets due to higher sector costs

JD Wetherspoon reported like-for-like sales growth of 3.4% in the 13 weeks to 26 April and total sales growth of 4.1%, indicating continued trading momentum. However, the company warned that rising costs could leave profits slightly below market expectations. The update is broadly steady on sales but cautious on margins and earnings.

Analysis

JD Wetherspoon reported like-for-like sales growth of 3.4% in the 13 weeks to 26 April and total sales growth of 4.1%, indicating continued trading momentum. However, the company warned that rising costs could leave profits slightly below market expectations. The update is broadly steady on sales but cautious on margins and earnings.