Naked Wines plc (GB:WINE) has released an update.
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Naked Wines plc reported a 15% decline in revenue for the half-year ending September 2024, with strategic initiatives aimed at customer retention and acquisition showing progress despite challenges. The company has improved its financial stability, with net cash rising significantly, and is focusing on enhancing customer engagement and optimizing its inventory management. The appointment of a new CFO and strategic testing are expected to support growth and profitability going forward.
For further insights into GB:WINE stock, check out TipRanks’ Stock Analysis page.
