Virgin Wines UK PLC ( (GB:VINO) ) just unveiled an update.
Virgin Wines UK PLC has announced a new growth strategy and capital allocation plan aimed at reaching £100 million in annual revenue with a 7% EBITDA margin in the medium term. The strategy includes increasing customer acquisition, expanding commercial partnerships, utilizing technology for customer engagement, and investing in Warehouse Wines. Additionally, the company plans a share buyback program to return value to shareholders, while maintaining a focus on organic growth over mergers and acquisitions.
More about Virgin Wines UK PLC
Virgin Wines UK PLC is a prominent direct-to-consumer online wine retailer in the UK, known for its unique business model and strong customer base. The company focuses on delivering a wide range of wines directly to consumers, leveraging partnerships and innovative customer engagement strategies to drive growth.
YTD Price Performance: 48.48%
Average Trading Volume: 59,391
Technical Sentiment Signal: Sell
Current Market Cap: £27.36M
For an in-depth examination of VINO stock, go to TipRanks’ Stock Analysis page.