Company summary
J D Wetherspoon operates a large estate of value-focused pubs in the UK and Ireland. Its model emphasises high-volume food and drink sales, relatively low prices and substantial ownership of freehold pub property.
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JDW
Wetherspoons
Travel & Leisure
- Index
- FTSE 250
- ISIN
- Not specified
- Book status
- 2026 edition — current
Key activities
Operation of pubs selling beer, wine, spirits, soft drinks, breakfasts and other meals, supported by central purchasing, property management and a large directly employed workforce.
Key markets
Predominantly the United Kingdom, with a smaller presence in the Republic of Ireland, serving a broad mass-market pub and casual-dining customer base.
Key drivers
Like-for-like sales, customer footfall, value pricing, food and drink margins, labour costs, pub-estate optimisation, debt reduction and consumer demand for affordable eating and drinking out.
Key risks
Wage and business-rate increases, food and energy inflation, alcohol duties, regulation, weaker consumer spending, competition, property costs and high operational gearing.
Recent Developments
22 July 2026: like-for-like sales were up 4.0% in the 12 weeks to 19 July and 4.2% year to date, but Wetherspoon warned that full-year profit would be below market expectations because of softer sales and higher labour, repair, energy and business-rate costs.
Dividend notes
The 2026 interim dividend was 4.0p per share, with a record date of 8 May and payment on 4 June. A final 2026 dividend had not yet been declared by 14 August.
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