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TheWorks.co.uk plc ( (GB:WRKS) ) has issued an update.
TheWorks.co.uk plc reported a significant improvement in profitability for the first half of FY25, despite a slight decline in overall like-for-like sales. While store sales experienced growth, online sales were impacted by fulfillment challenges. The company has implemented a new strategy aimed at transforming its operations over the next five years, with a focus on brand growth, customer convenience, and operational efficiency. The strategy sets ambitious targets for revenue and EBITDA margin, and aims to enhance shareholder returns. The retail performance during Christmas was resilient, and the company remains optimistic about future growth despite anticipated cost pressures.
More about TheWorks.co.uk plc
TheWorks.co.uk plc is a family-friendly value retailer specializing in arts, crafts, toys, books, and stationery. The company focuses on providing affordable, screen-free activities for families and operates a significant portion of its sales through physical stores while maintaining an online presence.
YTD Price Performance: -8.08%
Average Trading Volume: 107,848
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £11.55M
See more data about WRKS stock on TipRanks’ Stock Analysis page.
