The Digester

The employee-owned John Lewis Partnership will award staff a 2% bonus after underlying profits rose, despite a small pre-tax loss caused by one-off costs and continued caution about the year ahead.

Partnership will pay a 2% staff bonus, equivalent to about one week’s pay, the first since 2022.
Underlying profits rose 6% to £134m and group sales increased 5% to £13.4bn.
The group reported a pre-tax loss of £21m driven by £120m of one-off write-downs on old tech systems.
Waitrose sales grew 7% to £8.5bn while John Lewis department store sales rose 3% to £4.9bn.
The company says it remains cautious about the year ahead but is in a stronger position, and Jason Tarry became chair in 2024.

John Lewis to pay first staff bonus in four years

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