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Story summary
- Wetherspoon's chairman Tim Martin warned that rising costs may push profits below market expectations.
- Wetherspoon faces a £60 million wage-related tax increase and £7 million in energy costs.
- Revenue grew 5.7% to £1.09 billion, while first-half pre-tax profits fell 31.9% to £22.4 million.
- Wetherspoon aims to minimize price increases for customers.
- Analysts expect full-year pre-tax profit of £81.1 million, as inflation weighs on hospitality and rising property taxes threaten pubs.
