leadf
logo-loader
viewNaked Wines PLC
(
AIM:WINEOTCQX:NWINFFRA:MWJ
)

Naked Wines CEO describes how the group has built a 'better, stronger business' in 2021 FY results

Naked Wines PLC (LON:WINE) CEO Nick Devlin tells Proactive it has built a builds 'better, stronger business' as it plans to invest and intensify its focus in the lucrative $20B US market, building on strong sales momentum in the past year.

The online wine retailer increased sales 68% to £340.2M in the year to 29 March as people developed a taste for its wine subscription model amid the Coronavirus (COVID-19) pandemic-driven shift to online shopping. Devlin says with continued good trading in the first two months of the new period, with total sales up 8% year on year on a constant currency basis and repeat customer sales growing over 30%, the company gave guidance for total sales for the year of £355-£375M.

Quick facts: Naked Wines PLC

Follow
AIM:WINE

Price: 741 GBX

Market Cap: £544.18 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Naked Wines PLC snags a slew of trophies at the Decanter World Wine Awards 2021

Naked Wines PLC (AIM:WINE, OTCQX:NWINF, FRA:MWJ) (LON:WINE) (OTCQX:NWINF) (FRA:MWJ) VP of Planning, Procurement & Customer Experience Lucy Devlin tells Proactive the group has won a record set of accolades at the Decanter World Wine Awards 2021, the world’s largest wine...

on 5/8/21

2 min read