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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Naked Wines plc    WINE   GB00B021F836

NAKED WINES PLC

(WINE)
  Report
Delayed Quote. Delayed London Stock Exchange - 08/05 04:01:52 am
412.28 GBX   -2.53%
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Naked Wines : Online seller Naked Wines' sales pop during lockdown

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06/24/2020 | 03:58am EDT
FILE PHOTO: Wine glasses are stacked inside The Greenwich Pensioner pub in London

Sales at online wine seller Naked Wines soared 81% in April and May compared to a year ago, as orders from British households surged during the country's coronavirus lockdown, sending its shares 5% higher.

The business developed by Majestic Wine had to temporarily stop taking new orders last month after an unprecedented surge in sales.

"We entered the new financial year with good momentum as COVID-19 has influenced customer shopping behaviour and driven increased demand for the Naked Wines offer," the company said.

Grape harvests and wine production have been able to continue largely unaffected by the pandemic.

Nick Devlin, who took over as chief executive officer this year, said he believed that the crisis will likely serve as an inflection point for consumers moving their wine purchases online.

Shares in Naked Wines have gained 70% on London's AIM market so far this year, on track for their best annual run since 2010 and faring far better than wider UK indexes.

However, the company stopped short of providing a full-year outlook due to the possibility of a consumer downturn in the second half of the year and pandemic uncertainties.

Pubs, restaurants and hotels are set to reopen in England early next month, which could mean that online alcohol orders will slow down as people venture out after months of restrictions.

Separately, the company said its current finance chief James Crawford will leave that role and be appointed managing director of the UK business.

Profit after tax for the fiscal year ended March 30 came in at 8.2 million pounds, after a loss of 9.4 million pounds a year earlier, while revenue climbed 13.7% to 202.9 million pounds.

(Reporting by Tanishaa Nadkar and Muvija M in Bengaluru, Editing by Sherry Jacob-Phillips and Elaine Hardcastle)

Stocks mentioned in the article
ChangeLast1st jan.
CRAWFORD & COMPANY -4.64% 6.57 Delayed Quote.-35.27%
NAKED WINES PLC -2.53% 412.28 Delayed Quote.87.17%
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Latest news on NAKED WINES PLC
07/24NAKED WINES : posts stellar June sales as online orders surge
RE
07/03NAKED WINES : AGM Notice and Annual Report
PU
06/24London stocks sink on grim global growth forecast, fears of second virus wave
RE
06/24NAKED WINES : Management succession and Board change
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06/24NAKED WINES : Online seller Naked Wines' sales pop during lockdown
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06/23NAKED WINES : Notice of Full Year Results
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06/22NAKED WINES : Update on Full Year Results Timing
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06/17NAKED WINES PLC : annual earnings release
06/15NAKED WINES : Notice of Full Year Results
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04/09People move online for wine as coronavirus shuts pubs - Naked Wines
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More news
Financials
Sales 2020 203 M 266 M 266 M
Net income 2020 -1,90 M -2,49 M -2,49 M
Net cash 2020 51,5 M 67,5 M 67,5 M
P/E ratio 2020 -157x
Yield 2020 1,23%
Capitalization 309 M 404 M 405 M
EV / Sales 2020 1,27x
EV / Sales 2021 0,98x
Nbr of Employees 1 654
Free-Float 72,4%
Chart NAKED WINES PLC
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Technical analysis trends NAKED WINES PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 440,42 GBX
Last Close Price 423,00 GBX
Spread / Highest target 12,3%
Spread / Average Target 4,12%
Spread / Lowest Target -5,44%
EPS Revisions
Managers
NameTitle
Nicholas James Devlin Group Chief Executive Officer, COO & Director
John C. Walden Chairman
James Andrew Crawford Group Chief Financial Office & Executive Director
Justin James Apthorp Non-Independent Non-Executive Director
Ian Andrew Harding Senior Independent Non-Executive Director
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