Virgin Wines reports 2% revenue growth to £34.3m, 122% earnings rise to £1.76m, driven by resilient demand and cost controls.

Virgin Wines reported a 2% revenue growth to £34.3 million in the half-year, with earnings rising 122% to £1.76 million. The UK-based retailer credits resilient demand and new strategic initiatives for its growth, despite consumer spending pressures. The firm's profitability has improved due to better cost controls and reduced product inventory, putting it on track to meet profit guidance for the year.

March 25, 2024
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