WAITROSE LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors, after reviewing the Company's operating budgets, investment plans and financing arrangements, including obtaining a letter of support from the parent company John Lewis plc, consider that the Company has sufficient financing available at the date of approval of this report to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the Directors have prepared the financial statements on a going concern basis.”

Group structure

1. WAITROSE LIMITED · parent
   1. Dishpatch Limited 1%
   2. Waitrose (Guernsey) Limited 1% · Guernsey
   3. Waitrose (Jersey) Limited 1% · Jersey
   4. Admiral Park Retail Management Limited 0.53%
   5. Admiral Park Retail Management Limited 1%

Significant events

• “Opening the first Waitrose shop in six years with a convenience store in Hampton Hill, London, and revealing plans for a pipeline of new stores in the future.”
• “Refurbishing 14 Waitrose stores with new concepts as part of our store modernisation programme, delivering strong sales growth;”
• “Growing on-demand grocery sales by 110% in the year and entering a new partnership with Just Eat, adding to Uber Eats and Deliveroo. We are also reaching even more customers through expanded relationships with Welcome Break and Shell.”
• “In May 2024, the Company launched a groundbreaking initiative, Farming for Nature, working with its suppliers and farmers in the UK to support them in moving to a different way of farming, based around the principles of regenerative agriculture.”
• “Dishpatch Limited was acquired by the Company during the 52 week period ended 25 January 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +4.5%

  £6,951,000,000 → £7,267,000,000

• Cash

  +4.7%

  £64,000,000 → £67,000,000

• Net assets

  +21.5%

  £531,000,000 → £645,000,000

• Employees

  -5.5%

  49,400 → 46,700

• Operating profit

  +102%

  £99,000,000 → £200,000,000

• Profit before tax

  +228.6%

  £42,000,000 → £138,000,000

• Wages

  +3.5%

  £876,000,000 → £907,000,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers