Waitrose’s parent company considering resuming staff bonuses

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Waitrose’s parent company, John Lewis Partnership, may give its staff members a salary bonus this year if the company reaches its financial goals.

According to an internal memo read by the Financial Times,  the supermarket retailer’s parent company stated, “we would recommend to the board that we pay a bonus”.

John Lewis aims to achieve a pretax profit of £200 m in the fiscal year ending January 2026, with the company stating, “to get there we need to keep focused on the right things and deliver our plans.”

Earlier this year, in March, John Lewis Partnership chairman Jason Tarry reiterated that the company is working towards bringing back staff bonuses.


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Tarry previously said: “The priority for us at this stage in the transformation is to focus on closing the gap on base pay because when we talk to Partners, what they want to do is make sure that we’re helping them every month, not just once a year, and closing the gap against the market from a base pay perspective.”

Waitrose reported strong profits last year despite the staff bonus being paused, with sales going up by 4.4% to £8bn. The overall adjusted operating profit reached £227m, from £122m in the year prior.

Additionally, recent figures from Kantar showed that Waitrose sales were soaring and had reached the highest sales since 2021.

The grocery retailer is doubling down on its expansion and supply chain network to continue delivering strong results.

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Waitrose’s parent company considering resuming staff bonuses

Waitrose

Waitrose’s parent company, John Lewis Partnership, may give its staff members a salary bonus this year if the company reaches its financial goals.

According to an internal memo read by the Financial Times,  the supermarket retailer’s parent company stated, “we would recommend to the board that we pay a bonus”.

John Lewis aims to achieve a pretax profit of £200 m in the fiscal year ending January 2026, with the company stating, “to get there we need to keep focused on the right things and deliver our plans.”

Earlier this year, in March, John Lewis Partnership chairman Jason Tarry reiterated that the company is working towards bringing back staff bonuses.


Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning


Tarry previously said: “The priority for us at this stage in the transformation is to focus on closing the gap on base pay because when we talk to Partners, what they want to do is make sure that we’re helping them every month, not just once a year, and closing the gap against the market from a base pay perspective.”

Waitrose reported strong profits last year despite the staff bonus being paused, with sales going up by 4.4% to £8bn. The overall adjusted operating profit reached £227m, from £122m in the year prior.

Additionally, recent figures from Kantar showed that Waitrose sales were soaring and had reached the highest sales since 2021.

The grocery retailer is doubling down on its expansion and supply chain network to continue delivering strong results.

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