Naked Wines reiterates FY guidance
By Iain Gilbert
Date: Friday 25 Apr 2025
(Sharecast News) - Retailer Naked Wines said on Friday that reiterated its full-year guidance on Friday as the group revealed its FY25 performance was continuing to track in line with internal expectations.
Naked Wines said revenues of roughly £250.0m reflected "consistent delivery" across all markets, while underlying earnings, excluding inventory liquidation, were also expected to be within its guidance range of £4.0m to £9.0m.
The AIM-listed firm also noted that due to the actions to speed up releasing capital from inventory, inventory liquidation costs will be at the top end of the guidance range, but stated this would benefit cash in FY25 and beyond. Net cash was expected to be £25.0m to £35.0m, which also reflects more than £2.0m of early payments at the end of March 2025.
"As communicated within the New Strategic Plan announcement in March 2025, the group is focused on finalising a near-term limited distribution policy in conjunction with its financial partners, and hopes to be in a position to provide an update shortly," added Naked Wines.
As of 0940 BST, Naked Wines shares were up 2.0% at 78.95p.
Reporting by Iain Gilbert at Sharecast.com
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