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John Lewis Partnership plc Annual Report and Accounts 2014
THE JOHN LEWIS PARTNERSHIP AT A GLANCE
The John Lewis Partnership is unique: it’s the UK’s largest example of co-ownership and its activities are governed by a principles-based Constitution.
We operate 305 Waitrose shops and 40 John Lewis shops,
johnlewis.com,
waitrose.com and have business-to-business customers in the UK and abroad.
The two trading divisions of Waitrose and John Lewis are supported by Partnership Services (a shared service division)
Our Partners co-own the Partnership.
GROSS SALES (INCLUDING VAT) Partnership
£10.2bn +6.6%
2013: £9.5bn
REVENUE Partnership
£9.0bn +6.6%
2013: £8.5bn
OPERATING PROFIT Operating profit
£423.6m -6.6%
2013: £453.4m Operating profit before exceptional item
£470.9m +3.9%
2013: £453.4m Waitrose
£6.1bn +6.0% 2013: £5.8bn
John Lewis
£4.1bn +7.5% 2013: £3.8bn
Waitrose
£5.7bn +6.2% 2013: £5.4bn
John Lewis
£3.3bn +7.4% 2013: £3.1bn
Waitrose
£310.1m +6.1% 2013: £292.3m
John Lewis
£226.1m +4.3% 2013: £216.7m
Partnership Services and Corporate
(£65.3m) -17.4% 2013: (£55.6m)
For a more detailed insight into our Group and divisional performance in the year, please turn to ‘Our Performance in 2013/14’ on page 22.
+6.1%
John Lewis 36%
Waitrose 64%
John Lewis 40%
Waitrose 60%
PARTNERSHIP BONUS 15% of pay 2013: 17%
PROFIT BEFORE PARTNERSHIP BONUS AND TAX
£329.1m -4.1%
+4.3%
-17.4%
2013 2014 2013 2014 Waitrose 2013 2014 John Lewis
Partnership Services and Corporate
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