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John Lewis Reports 73% Profit Increase to £126 Million, Tripling Profits, No Bonuses for Staff

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Updated Mar 14, 2025, 09:43 AM

The John Lewis Partnership has announced a 73% increase in annual profits, with profit before tax tripling to £126 million for the financial year 2024/25. Despite this financial success, the company has opted to withhold bonuses for staff for the third consecutive year. The decision has drawn attention as employees will not receive any bonuses, even amid the notable profit surge. John Lewis management has expressed a commitment to support staff in other ways, emphasizing a focus on monthly assistance rather than annual bonuses. The company continues to navigate challenges in the retail sector while aiming to regain market share.

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