Pub operator J D Wetherspoon plc (JDW.L) reported Friday that its fiscal 2024 profit before tax fell 33 percent to 60.6 million pounds from last year's 90.5 million pounds.
Earnings per share were 39.0 pence, down 16.1 percent from 46.5 pence a year ago.
Operating profit, however, grew 34.5 percent to 142.6 million pounds from prior year's 106.0 million pounds.
On an adjusted basis, profit before tax was 73.9 million pounds, compared to 42.6 million pounds last year. Adjusted earnings per share were 46.8 pence, compared to 26.4 pence last year.
Adjusted operating profit grew 30.2 percent from last year to 139.5 million pounds.
Revenue for the year went up 5.7 percent to 2.04 billion pounds from 1.93 billion pounds a year ago. Like-for-like sales grew 7.6 percent.
Citing the improved trading and financial position, the board is recommending the payment of a final dividend, equivalent to the 2019 annual dividend, of 12 pence per share, while no dividend was paid last year.
Regarding the current trading and outlook, Tim Martin, the Chairman, said, "Sales continue to improve. In the last nine weeks, to 29 September 2024, like-for-like sales increased by 4.9 percent.... The company currently anticipates a reasonable outcome for the current financial year, subject to our future sales performance."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.