Naked Wines plc (GB:WINE) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Naked Wines plc reported a challenging fiscal year with total sales decreasing by 18% year-on-year to £290m and a statutory loss before tax of £16.3m, slightly higher than the previous year’s £15.0m loss. Despite this, the company generated net cash exceeding expectations at £20m and has completed a new credit facility to improve liquidity. Looking ahead, Naked Wines is focusing on returning to profitable growth, having addressed cost and liquidity concerns, with a revenue forecast between £240m and £270m for FY25.
For further insights into GB:WINE stock, check out TipRanks’ Stock Analysis page.
