Wine Retailer Naked Wines 'Coming Of Age', Says Analyst
Published on Jan 11 2021 8:58 AM in Drinks tagged: Featured Post / Drinks / Naked Wines / Online / Stifel / Paywall / 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.
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