British retailer John Lewis Partnership, which runs John Lewis and Waitrose brands, has reported £88m ($119.17m) loss before tax in the first half (H1) of 2025/26.
During the period ending 26 July 2025, the company’s sales saw an increase of 4% to £6.2bn
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Its total revenue for the period rose by 5% to £5.4bn.
Cash generated from operations was reported to be £177m – a £30m increase from the previous financial year.
By the end of H1, the company’s growing cash generation was £1.5bn in liquidity, with renewing revolving credit facility of £460m for five years.
During the period, JLP’s losses before tax and exceptional items (LBTBE) was £34m.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataOn a like-for-like basis, the company’s LBTBE remains broadly flat compared to £5m recorded in the previous financial year.
Waitrose’s H1 sales rose 6% to £4.1bn. Adjusted operating profit was £110m, down by £3m from the year before.
Sales for John Lewis also increased by 2% to £2.1bn during the period.
Adjusted operating loss was £53m in the first half of the current fiscal year – down by £4m from the previous year.
John Lewis Partnership chairman Jason Tarry stated: “Our clear focus on accelerating investment in our customers and our brands is working: more customers are shopping with us, driving sales and helping Waitrose and John Lewis outperform their markets. We achieved our highest recorded levels of positive customer satisfaction, a testament to the great service of our Partners.
“The investments we are making, combined with our plans for peak trading, provide a strong foundation for the remainder of the year. While we are reporting a loss in the first half, we’re well positioned to deliver full year profit growth, which we’ll continue to invest in our customers and Partners.”
In June 2025, John Lewis appointed former Marks & Spencer marketing director Anna Braithwaite as its new chief customer officer.
