29th Jan 2025 11:40
(Alliance News) - Naked Wines PLC on Wednesday said it had a "solid" peak trading season, as it highlighted improvements from its comprehensive strategic initiatives.
The Norwich, England-based online wine seller said revenue fell 8.9% at constant currency in the 13 weeks to December 30, the pace of decline ebbing from 14% in the half-year.
Notably, revenue per member was up 2% on-year amid improvements in order frequency and average order value.
"Performance continues to track in line with full year expectations, and the group is seeing further outputs and improvements from its comprehensive strategic initiatives and testing plan which bolstered the peak season performance," Naked Wines said.
Chief Executive Officer Rodrigo Maza said: "We are pleased with our performance during the important peak season, which was solid and featured improving trends and positive signals from key performance indicators supported by our strategic initiatives and testing plan. We are tracking in line with full year expectations, and look forward to providing a further update in March, including a plan focused on shareholder value creation."
Naked Wines shares rose 13% to 50.88 pence each on late Wednesday morning in London.
By Tom Budszus, Alliance News slot editor
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