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J D Wetherspoon (JDW) investor relations material
J D Wetherspoon Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 TU earnings summary5 Nov, 2025
Executive summary
Like-for-like sales rose 3.7% in the first 14 weeks of the financial year compared to the same period last year, with bar sales up 5.7%, food up 0.9%, and slot/fruit machines up 8.9%.
Total sales increased by 4.2% year-to-date.
Outperformed the industry for 37 consecutive months, with September LFL sales at +3.4% versus industry +0.2%.
Outlook and guidance
Management expresses caution for the remainder of the year due to the upcoming Chancellor's Budget statement.
Continued sales momentum is noted, but inflation and energy prices remain concerns.
Segment performance
Hotel room sales declined by 6.3% year-over-year.
Eleven pubs now operate as franchises, with three new franchised pubs opened year-to-date and a total of 15 expected by year-end.
Four new pubs opened year-to-date, with a plan for 15 total new openings in the financial year.
Impact of wage/tax on pub pricing?
How does UK governance hinder growth?
What specific budget concerns impact outlook?
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Next J D Wetherspoon earnings date
Q2 2026 TU21 Jan, 2026
Next J D Wetherspoon earnings date
Q2 2026 TU21 Jan, 2026
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Frequently asked questions
J D Wetherspoon plc is a pub and hotels operator. Its principal activities include the ownership and operation of pubs and hotels in the UK and Ireland. The company was founded in 1979 and is based in Watford, the United Kingdom.
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