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The Markets
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Retail

Games Workshop in 'good shape' as it delivers strong sales growth

Games Workshop Group PLC (LSE:GAW) delivered growth in revenue and profits at the half-year stage and said sales in the key festive period were in line with hopes.

The fantasy miniatures retailer and Warhammer IP owner said revenue rose 11% in the 26 weeks to 26 November 2023 to £247.7 million from £225.6 million.

Growth was seen across Retail (+12.3%), Trade (+12.6%) and Online (+4.9%).

Pre-tax profit jumped to £95.2 million from £83.6 million, EPS advanced to 216.9p from 202.4p and the dividend was boosted to 195p from 165p.

The company said it was a “solid six-month period, successfully delivering the plans we set ourselves at the start of the year; with core revenue growth in all channels and in all major countries".

“We have improved our core gross margin and managed our operating expenses well, only allowing essential investments,” it said.

Kevin Rountree, chief executive, added: “Games Workshop and the Warhammer hobby are in great shape.

“We continue to perform well during challenging economic times, delivering record group revenue, profit and dividends in the period.”

The firm also expressed confidence in its recent tie-up with Amazon believing it “will bring the worlds of Warhammer to the screen like you have never seen before”.

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