Wetherspoon’s issues fourth profit warning in seven months

Per The Guardian, JD Wetherspoon issued its fourth profit warning in seven months, blaming worse-than-expected sales and surging costs—labor, food, energy, and property taxes. Despite the World Cup boost, the British pub chain couldn't overcome the pressure. Share prices fell ten percent on Wednesday as chair Tim Martin cautioned that full-year profits would miss forecasts when the company reports in October.

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