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Investegate |Virgin Wines UK PLC Announcements | Virgin Wines UK PLC: Grant of Options

Investegate |Virgin Wines UK PLC Announcements | Virgin Wines UK PLC: Grant of Options
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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Virgin Wines UK anticipates 2021 revenue boost as it revises expectations for the year

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Virgin Wines UK anticipates 2021 revenue boost as it revises expectations for the year | 6 May 2021

6 May 2021 | 09:17am StockMarketWire.com - VIrgin Wines UK is anticipating revenue and profitability for FY21 to be ahead of previous expectations, with turnover for the year expected to be no less than £73 million. The update follows strong levels of customer demand in the first half of the company s financial year, which have been maintained so far in the second half. The board said it is confident that underlying growth drivers which the direct to consumer wine sector is experiencing, alongside an accelerated shift in consumer behaviour towards online retailing, will continue. Jay Wright, Virgin Wines UK CEO, said: The strong sales momentum delivered in the first half of the financial year has continued into H2 so far. We have been encouraged by the strong customer demand for our wines, alongside growth in our new range of beers and spirits, driven by the ongoing shift in consumer behaviour towards online retailing.

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