Virgin Wines UK has said performance for the year to June 30 is in line with expectations. The ecommerce wine retailer said in its FY23 trading update today that total sales for the year reached £59 million, with adjusted profit before tax “no less than £0.5 million” for the period. The latest figures represent a dip in performance for the company, with FY22 overall group…

Virgin Wines has reported pre-tax profit of just £100,000 in the six months to December 31, a fall from £3.2 million in the corresponding period a year earlier. Revenue in the first half of its financial year was £33.6 million, a fall of 17.2%. Underlying EBITDA was down from £3.9 million to £1.4 million. The falls in earnings and revenue came despite recruiting 60,000 new customers…

Virgin Wines has reported a drop in revenue for the six months ending December 31, 2022. The online retailer said yesterday that total revenue for the period was £33.7m, down from £40.5 million in the same period a year prior. The company blamed several factors, including the cost of living crisis, bad weather, postal strikes and its implementation of a new warehousing system. Virgin also…

Sales of beer, wine and spirits fell almost 16% (15.9%) in the four weeks to April 23, according to the latest data from NielsenIQ. Overall, total grocery sales in supermarkets dropped 1.8% over the four week period, with Easter sales helping to increase spend from the -4.1% seen in March. NielsenIQ said that UK shoppers spent £10.1 billion on groceries in the four weeks. This…

Virgin Wines has reported a slight uptick in sales for the six months to December 31, 2021 (H1 2022). The company said today that revenue for the period was £40.6 million, compared to £40.59 million in the same period a year prior. EBITDA for the period slipped from £4.5 million in H1 2021 to £3.7 million, due to increased investment in new customer acquisition…

Sales of alcohol via the off-trade are up by around 25% each week, in comparison to the same period in January 2020. Nielsen data shows that weekly sales so far for January 2021 are growing ahead of the Covid-19 period to date, which Nielsen has tracked each week since February 1, 2020. Sales for the off-trade for the total Covid-19 period are up by 22%,…

Sales of BWS are soaring ahead of those recorded at the start of the Covid-19 period in February last year. BWS sales are up by 26% as the nation remains in a period of lockdown, according to the latest Nielsen data, for the week ending January 9, 2021. Rob Hallworth, client delivery team leader, said: “This growth is ahead of the “Covid-19 period” from the…