Wetherspoon’s Profit Warning Shows Britain’s Cost Crisis Is Not Over

Wetherspoon’s Profit Warning Shows Britain’s Cost Crisis Is Not Over - Moby THE GIST JD Wetherspoon’s latest update delivers a familiar but uncomfortable message. Sales are holding up, but profits are not. Rising costs across wages, energy and taxes are starting to overwhelm even the most resilient operators, suggesting the UK’s consumer economy is entering a more fragile phase. WHAT HAPPENED JD Wetherspoon warned that full-year profits are likely to come in below market expectations as cost pressures i ...