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Naked Wines posts half year sales increase

Naked Wines saw its total sales increase by 6% on a constant currency basis to £159.3 million in the first half of its financial year. On… View Article

FOOD & DRINK

Naked Wines posts half year sales increase

Naked Wines saw its total sales increase by 6% on a constant currency basis to £159.3 million in the first half of its financial year. On a reported basis sales edged up 1%.

The company said the uplift in the six months to 27 September was driven by strong repeat customer sales retention, although this was partially offset by lower new customer sales when compared to the previous year, which benefited from Covid-19 lockdowns.

Pre-tax profit came in at £1.3 million versus a loss of £8.9 million in the first half of last year.

Nick Devlin, group chief executive of Naked Wines, said: “I’m delighted by the progress we have made so far this year in further strengthening our winemaker line-up and customer proposition. We are now serving a global community of 947,000 members – an increase of 25% over the last year – reflecting sustained consumer desire for an alternative to traditional wine distribution.”

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