Cost ChallengesH1 (Jan) PBT of £33m (-9%) is well below expectations, reflecting higher labour and utility costs.
Cost IncreasesJD Wetherspoon has flagged a 67% increase in National Insurance contributions by an additional annual £60m cost due to the recent Budget.
Debt LevelsNet debt increased to £704m, reflecting higher tax, higher maintenance capex, and lower depreciation.