Gusbourne (GB:GUS) has released an update.
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Gusbourne PLC, a premium English sparkling wine producer, has reported a slight decrease in net revenue by 3% for H1 2024 compared to H1 2023, though Direct to Consumer (DTC) and International sales have seen increases of 14% and 13%, respectively. The company’s gross margin improved to 69.3%, and the adjusted EBITDA loss narrowed to £0.33m, indicating positive financial progress. Despite challenges in the UK Trade channel, Gusbourne continues to gain international acclaim and has expanded its distribution network globally.
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