Wine Retailer Naked Wines 'Coming Of Age', Says Analyst
Online wine retailer Naked Wines has been one of the beneficiaries of stricter lockdown measures in the UK, and is 'coming of age' as a business, according to a leading retail analyst.
According to Mark Irvine-Fortescue of Stifel, there are indications that Naked Wines saw 'strong Christmas trading' and continues to capitalise on stay-at-home trends, particularly after shedding itself of the legacy Majestic Wines business.
In its half-year results to 28 September, Naked Wines reported revenue of £157.1 million, a 80% increase year-on-year. The company posted an EBIT loss of £3.2 million, which was an improvement on the previous year.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!