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…

Online retailer Virgin Wines has signalled an increase in active customers and a stronger customer acquisition rate than expected, despite an overall decrease in group revenue.  As part of its full-year results to July 1, 2022, Virgin said overall group revenue declined to £69.2 million compared to £73.6 million in FY21. However, revenue remained 63% above 2019 levels, with profit before tax (£5.1 million)…

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…

Staff absences, freight disruption and inflationary pressures caused by the Omicron variant as well as macroeconomic headwinds took the shine off Christmas for Virgin Wines. The online retailer said in a trading statement for the six months to the end of December that the effect of labour shortages meant the business had to ‘cut off’ for Christmas delivery two days earlier than planned, negatively impacting…

Virgin Wines has reported a lift in sales and customer numbers in its first set of full-year results since becoming a listed company. The company said today that sales in the 12 months to the end of June were up 30% to £73.6m, compared to 2020. Growth was driven by “strong levels of customer demand, increased investment in customer acquisition and strong customer loyalty”, Virgin…