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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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