Virgin Wines revenue up 6.7% in run-up to Christmas
Virgin Wines UK saw its revenue increase by 6.7% year-on year during the six weeks to 27 December.
The retailer said the performance was driven by initiatives to grow customer numbers, which resulted in a 25% year-on-year uplift in new recruits across December.
Giving an update on its first half performance in the six months to 27 December, Virgin Wines said revenue was broadly in line with the same period in the prior year at £34.1 million.
Meanwhile, pre-tax profit climbed by 20% to £1.3 million.
Never Miss a Retail Update!Jay Wright, chief executive at Virgin Wines, said: “We are pleased to report an encouraging first-half performance, and particularly strong year-on-year growth of 6.7% over the key six-week Christmas trading period despite the continued sector and macro-economic headwinds.
“We delivered increased levels of new customers, improved our operating cost per case and continued to drive high growth through our commercial channel.
“We continue to increase market share thanks to the loyalty of our customers, our outstanding customer service and the quality of our wines.”
