No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Retailer Naked Wines said on Friday that reiterated its full-year guidance on Friday as the group revealed its FY25 performance was continuing to track in line with internal expectations.
Naked Wines said revenues of roughly 250.0m reflected "consistent delivery" across all markets, while underlying earnings, excluding inventory liquidation, were also expected to be within its guidance range of 4.0m to 9.0m.
The AIM-listed firm also noted that due to the actions to speed up releasing capital from inventory, inventory liquidation costs will be at the top end of the guidance range, but stated this would benefit cash in FY25 and beyond. Net cash was expected to be 25.0m to 35.0m, which also reflects more than 2.0m of early payments at the end of March 2025.
"As communicated within the New Strategic Plan announcement in March 2025, the group is focused on finalising a near-term limited distribution policy in conjunction with its financial partners, and hopes to be in a position to provide an update shortly," added Naked Wines.
As of 0940 BST, Naked Wines shares were up 2.0% at 78.95p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.