Wetherspoon Issues Fourth Profit Warning in Seven Months JD Wetherspoon's fourth profit warning in seven months should send alarm bells ringing for anyone invested in the UK's struggling pub industry.
The company's chair, Tim Martin, attributes the decline to rising costs for food, workers, energy, and property taxes. However, this explanation only scratches the surface of a more fundamental problem.
The World Cup, typically a boon for pubs, failed to deliver expected sales boosts due to late kick off times courtesy of North American hosts.