15th Sep 2023 08:15
(Alliance News) - Games Workshop Group PLC on Friday said that trading in its first financial quarter was ahead of expectations, driven by healthy growth across all channels.
The Nottingham, England-based miniature wargames maker and retailer said core revenue in the three months to August 27 was around GBP121 million, rising 14% year-on-year from GBP106 million.
Core revenue refers to direct sales of its core products to external customers, via its retail network, independent retailers, or online. Licensing revenue doubled to around GBP6 million.
While noting the performance was better than the previous year, the miniature wargames maker and retailer said "it is still early" in the financial year. It declared a dividend of 50 pence per share, bringing the total declared payout in the financial year so far to GBP1.95 per share, compared to GBP1.20 a year prior.
The company's last financial year ended on May 28, 2023.
Games Workshop shares rose 7.7% to 11,190.00 pence each on Friday morning in London.
By Tom Budszus, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
Games Workshop