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Naked Wines plc ( (GB:WINE) ) has issued an update.
Naked Wines plc has unveiled a new Strategic Plan aimed at delivering significant cash flow, sustainable growth, and shareholder returns. The plan focuses on liquidating excess inventory, stabilizing revenue, and achieving profitability through cost savings and strategic investments. The company aims to generate £75 million in cash, reach an annual EBITDA of £10-£15 million, and achieve a 5-10% growth rate. The strategy includes a disciplined approach to capital allocation, prioritizing shareholder returns through potential share buybacks and a limited distribution strategy, while focusing on maximizing intrinsic value per share.
More about Naked Wines plc
Naked Wines plc operates in the wine industry, focusing on providing a unique membership model that connects wine enthusiasts with independent winemakers. The company aims to offer high-quality wines at competitive prices by eliminating traditional retail markups, primarily serving markets in the UK, US, and Australia.
YTD Price Performance: 31.47%
Average Trading Volume: 268,447
Technical Sentiment Signal: Hold
Current Market Cap: £46.62M
For an in-depth examination of WINE stock, go to TipRanks’ Stock Analysis page.