Wetherspoon issues a profit warning, citing “substantial” increases in costs despite continued growth in sales. The company reports that for the 13 weeks ending April 2026, like-for-like sales rise by 3.4%, indicating demand at existing outlets. However, it also notes that sales growth is slower over the most recent quarter. Wetherspoon attributes the pressure to rising costs that it says are significant enough to affect profit expectations. The company operates 794 managed pubs and 21 franchise sites, according to reporting referenced by multiple outlets. The warning comes as investors assess the balance between still-positive consumer trading and margin risks from cost inflation. Across the coverage, outlets describe the same core developments: a profit warning, reference to substantial cost increases, and an update showing like-for-like sales growth but with less momentum in the latest period. The articles do not provide specific cost categories or revised financial forecasts in the information supplied.