JDW pushing prices up by an average of 3%

By Nikkie Thatcher

- Last updated on GMT

Boss comment: JDW chairman Tim Martin says despite the increases, prices remained competitive (image: Getty/Zedelle)
Boss comment: JDW chairman Tim Martin says despite the increases, prices remained competitive (image: Getty/Zedelle)

Related tags Jd wetherspoon Pubco + head office Finance

Pub behemoth JD Wetherspoon (JDW) has increased its prices by up to 3.95%, due to the rising costs many operators are battling.

The nationwide company, which was founded in 1979, has put prices up on a number of its food and drink products.

A spokesperson said: “Most prices in JDW pubs have increased by 3.95% from Thursday 1 February 2024.

“Some prices have increased by less. Ruddles Bitter has increased by 1%, Bud Light lager, Stowford Press cider and Doom Bar bitter have increased by 2%. Draught Pepsi has not increased.

“The average increase across all bar and food products is 3%.”

Remaining competitive

Chairman Tim Martin put the price rises down to cost hikes facing many businesses in the sector.

He added: “JDW, like most pub companies, has seen some big increases in costs. We believe our prices remain competitive, even after these changes.”

Last month (January), JDW slashed the prices of various drinks and meals​ at its pubs including £1.99 pints.

The sale, which was ok from Tuesday 2 January to Wednesday 17 January, included a number of alcohol and non-alcoholic drinks alongside dishes such as a small breakfast, a range of small plates and a burger.

On its website, JDW is offering two mains, two desserts and two drinks for £25 as part of its ‘two dine for £25’ Valentine’s Day promotion on Wednesday 14 February in most of the group’s estate, with customers able to upgrade to a bottle of Prosecco for an extra £5.

Business performance

Meanwhile, the business announced its trading update for the six months ending 28 January 2024​ earlier this year.

It reported in the 25 weeks to 21 January, like-for-like sales were 10.1% higher compared to the same period in the previous year.

Furthermore, like-for-like sales in the past 12 weeks were 11.1% higher than the same period a year ago and total sales grew by 8.4% in the year to date.

The group said it had opened two pubs in the year to date – Heathrow Airport​ and London Euston railway station​.

Five pubs had been sold and eight leasehold had either been surrendered to the landlord or sublet.

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