0838 GMT - J.D. Wetherspoon's earnings show little to cheer for as rising costs have made the pub operator struggle to keep its head above water, Interactive Investor analyst Richard Hunter says in a note. Its operating margin has fallen to 4.86% from 6.3%, with pretax profit slumping 32% despite a 5.7% rise in revenue to 1.09 billion pounds. However, if customer numbers continue to rise, and with food becoming more important to revenue, there could be some glimmers of light yet to come, Hunter says. "A further heavy slump for the shares at the open reflects the caution, with the market consensus of the shares as a hold increasingly vulnerable to a downgrade," he says. Shares are down 10% at 559 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
March 20, 2026 04:38 ET (08:38 GMT)
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