Virgin Wines profits slow ‘in line with expectations’

wine bottles

Virgin Wines reported a full-year trading performance “in line with expectations” driven by a disciplined approach to customer acquisition, positive trends on conversion and cancellation rates, and a resilient WineBank loyalty scheme.

In a trading update for the year ending June 30, 2023, Virgin Wines reported total revenues of £59m and adjusted profit before tax of “no less than £0.5m”.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now