TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Naked Wines’ full-year sales jump 68% as COVID-19 fuels demand.

by souhaib
April 15, 2021
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


Naked Wines plc (LON: WINE) said on Thursday that its sales jumped 68% in the year that concluded on 29th March. The company attributed its hawkish performance to operations in the United States, where the ongoing COVID-19 restrictions fuelled demand the most.

You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

The Coronavirus pandemic has so far infected more than 32 million people in the United States and caused over half a million deaths. Experts had called for a narrower 65% annualised growth in Naked’s sales in the recent year.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Naked Wines shares were reported about 2% down in premarket trading on Thursday but jumped more than 5% on market open. Including the price action, the stock is now trading at a per-share price of 806 pence. In comparison, Naked Wines had started the year 2021 at a lower 663 pence per share – a good news for the value investors.

Naked Wines’ U.S. operations grew by 75%

The online wine retailer said that its business in the U.S. posted an over 75% growth, handling £150 million worth of transactions that accounted for roughly 50% of its total full-year sales. The number of new customers also increased and topped guidance by 10%.

The Norwich-headquartered company expressed confidence that its cash stature was strong enough to fund operations in 2022. Fixed costs, it added, remained in line with expectations last year. In an earlier report published in November, Naked Wines said it swung to a broader loss in the fiscal first half.

Tip: looking for an app to invest wisely? Trade safely by signing-up with our preferred choice,
eToro:

visit & create account

CEO Nick Devlin’s comments on Thursday

Chief Executive Nick Devlin commented on the financial update on Thursday and said:

“Our significant growth is a testament to the customer demand for an online wine model that offers direct connection to the world’s top winemakers. Ultimately whilst Covid has driven the trial of many online models, the long-term winners will be the businesses that offer customers a genuinely differentiated offer. I firmly believe Naked will be one of those long-term winners.”

The report comes only a day after Naked Wines named Darryl Rawlings as its new chairman. Rawlings will take over later this year when Ian Harding (current chairman) retires.

Naked Wines performed massively upbeat in the stock market last year with an annual gain of close to 200%. At the time of writing, the London-listed company has a market cap of about £586 million and a price to earnings ratio of 88.94.



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Spinning waterspout rises up from a lake in Rwanda

Next Post

Putt ’em up! ‘Drunk’ golfers brawl bare-chested on 18th green in South Africa 

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

Putt 'em up! 'Drunk' golfers brawl bare-chested on 18th green in South Africa 

No Result
View All Result

Recent Posts

  • “I feel powerless as a doctor”: From an Alabama abortion clinic after Roe v. Wade | Video
  • Government of CDMX will implement new reactivation measures for the commerce and services sector
  • Will Washington lift its hand from supporting coordination between the Israelis and the Palestinians? | Politics news
  • Trump knew that the mob that stormed the Capitol was armed, reveals former White House adviser
  • Hillary Clinton Rips Justice Clarence Thomas, Condemns Overturning Of Roe V. Wade

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide