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Retail

Games Workshop confirms full year profit of at least £80mln

Games Workshop said it had enjoyed sales growth across all sales channels

Tabletop gaming retailer Games Workshop Group PLC (LON:GAW) said full-year profit would be up 7% and that it had rewarded all its shop and back-office staff with an equal split of a £5mln share bonus.

In a brief trading update covering the year to 2 June, the Warhammer seller totted up £254mln of sales, up 15% on the £219.9mln in the previous year, and said profit before tax (PBT) would be “not less than £80mln” compared to £74.6mln a year earlier.

Games Workshop said this was thanks to a continuation of the sales and profit growth that it had revealed in a trading update in mid April through to the end of the financial year, when it had indicated PBT would be around £80mln.

Sales growth has been across all sales channels, while royalties receivable from third party licensing was roughly £11mln.

The group said it will provide full audited results on 30 July.

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