JD Wetherspoon has issued its latest profit warning now in seven months.

The pub chain said rising costs might reduce profitability short of its 2026 targets.

Labour’s tax changes were a major factor driving the margin squeeze.

The early three warnings arrived in February, April and May 2026.

The chain expects pressured margins to remain through the year.

Shareholders watch the developments.

The situation underscores cost pressures in the sector and raises uncertainty.

The chain plans to manage expenses through cost-cutting measures.

Management emphasised the need for prudent budgeting while exploring growth opportunities.

The warning issues a clear signal to investors.