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John Lewis to pay first staff bonus for four years
The John Lewis Partnership returns a 2% bonus to 65,000 partners after 6% profit growth and 5% sales rise, marking the first bonus in four years amid ongoing investments.
- At the end of the financial year to January 31, the John Lewis Partnership will award a 2% bonus to around 65,000 John Lewis partners, equivalent to an extra week's pay.
- Stronger trading underpinned the payout, with underlying trading profits rising 6% to £134m and partnership sales up 5% to £13.4 billion last year.
- At brand level, Waitrose sales grew 7% to 8.5 billion with volumes up 3%, and operating profit of 256 million up 29 million; John Lewis sales increased 3% to 4.9 billion with operating profit of 58 million up 13 million.
- Chairman Jason Tarry said multi-year investment grew customer numbers and satisfaction, and stronger cash generation enabled the 2% bonus amid cautious 2026/27 outlook and �800 million store investment.
- Last month the group abandoned the partnership's build-to-rent plans for around 10,000 properties and cut under-performing department stores and thousands of jobs in recent years.
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Leaning Left1Leaning Right2Center7Last UpdatedBias Distribution70% Center
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- 70% of the sources are Center
70% Center
C 70%
R 20%
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