Revenue and profits up at J D Wetherspoon

J D Wetherspoon has delivered record revenues in its latest full-year results, with profits also increasing on its performance in 2024, when its sales topped £2bn for the first time.

For the 52 weeks ended 27 July 2025, like-for-like sales were up 5.1%, resulting in a revenue £2,127.5m. Profit before tax came in  at £81.4m (2024: £73.9m), with an operating profit of £146.4m (2024: £139.5m). 

Commenting on the results, Tim Martin, the chairman of J D Wetherspoon, says this is the 36th month in a row that Wetherspoon has outperformed the CGA RSM Hospitality Business Tracker. 

"In the last nine weeks, to 28 September 2025, like-for-like sales increased by 3.2%," says Martin. "The latest CGA RSM Hospitality Business Tracker, for August 2025, said industry like-for-like sales were +0.5%. During this period, Wetherspoon like for-like sales were +3.7%. 

"As previously indicated, increases in national insurance and labour rates will result in cost increases of approximately £60m per annum, and non-commodity energy costs will add £7m. The recently introduced ‘Extended Producer Responsibility’ tax, a levy on packaging will cost £2.4m in the current year, an increase of £1.6m. Cost increases such as these will undoubtedly add to underlying inflation in the UK economy, although Wetherspoon, as always, will endeavour to keep price increases to a minimum." 

More 'Spoons to come

Martin says that in the last financial year, Wetherspoon, its customers and employees generated a total of £838m of taxes for the UK government.

"The total tax raised by the government in the last financial year was £858.9bn," he says. "Therefore, Wetherspoon generated approximately £1 in every £1,000 of all UK tax revenue. In other words, the country only needs about one thousand companies like Wetherspoon and no one else would have to pay any taxes at all." 

Five franchised pubs opened in the year, bringing the total number to eight. The business has said that it anticipates opening approximately 15 franchised pubs in the current financial year. Operationally, it says franchised pubs have performed extremely well, with very high standards and encouraging sales levels.

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