Naked Wines (WINE)

Sector:

Retailers

Index:

FTSE AIM All-Share

60.70p
   
  • Change Today:
    -0.050p
  • 52 Week High: 77.00p
  • 52 Week Low: 28.50p
  • Currency: UK Pounds
  • Shares Issued: 74.00m
  • Volume: 58,821
  • Market Cap: £44.92m

Naked Wines FY earnings seen at higher end of previous guidance

By Iain Gilbert

Date: Tuesday 21 May 2024

LONDON (ShareCast) - (Sharecast News) - Online wine retailer Naked Wines said on Tuesday that full-year earnings would likely be at the higher end of previous guidance as it continues to make efforts to become "leaner and stronger".
Naked Wines said revenues were seen at roughly £290.0m, down 13% year-on-year but up from the 18% decline seen at the time of its interim results. Underlying earnings, on the other hand, were anticipated to be around £5.0m, compared to previous guidance of £2.0m to £6.0m.

The AIM-listed noted that its statutory operating loss for the year ended 1 April was predicted to be between £13.0m and £18.0m, mainly as a result of impairments and restructuring charges.

Naked Wines also highlighted an improvement in its net cash position to £20.0m, ahead of guidance which had called for somewhere between £5.0m and £15.0m, and said it had made "notable progress" in reducing general and administrative spending by 11%.

"With higher levels of cash, a moderating decline in sales and demonstrable underlying profitability we have a strengthening platform from which to build as we continue to drive towards profitable growth," said chief executive Rodrigo Maza.

As of 1330 BST, Naked Wines shares had surged 11.54% to 58.0p.









Reporting by Iain Gilbert at Sharecast.com

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Naked Wines Market Data

Currency UK Pounds
Share Price 60.70p
Change Today -0.050p
% Change -0.08 %
52 Week High 77.00p
52 Week Low 28.50p
Volume 58,821
Shares Issued 74.00m
Market Cap £44.92m

Naked Wines Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.39% above the market average67.39% above the market average67.39% above the market average67.39% above the market average67.39% above the market average
41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average
Price Trend
47.8% below the market average47.8% below the market average47.8% below the market average47.8% below the market average47.8% below the market average
65.85% below the sector average65.85% below the sector average65.85% below the sector average65.85% below the sector average65.85% below the sector average
Income Not Available
Growth
15.41% below the market average15.41% below the market average15.41% below the market average15.41% below the market average15.41% below the market average
2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Naked Wines Dividends

  Latest Previous
  Special Interim
Ex-Div 24-Dec-19 29-Nov-18
Paid 15-Jan-20 21-Dec-18
Amount 5.20p 2.00p

Trades for 19-Jul-2024

Time Volume / Share Price
16:29 6,000 @ 60.50p
16:24 8,804 @ 60.50p
15:28 5,000 @ 60.80p
15:18 149 @ 61.00p
15:18 5,000 @ 60.50p

Naked Wines Key Personnel

CFO James Crawford

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