The earnings call reflects a company that is managing its financial challenges well, with strong improvements in cash flow and customer engagement. However, significant challenges remain, including increased customer acquisition costs and inventory liquidation. The company is optimistic about its strategic initiatives and future prospects.
Company Guidance
During the call, Naked Wines provided detailed guidance on their financial and strategic performance for the first half of Fiscal Year 2025. Revenue was down, aligning with expectations and reflecting membership movement. G&A expenses decreased by nearly GBP 3 million due to a savings program initiated in FY '24, while a GBP 400,000 one-off LTIP charge was noted. Notably, cash flow improved significantly, with cash up by GBP 20 million from the previous year, driven largely by inventory management. The core membership, representing 74% of revenues, showed high retention rates, contributing approximately GBP 46 million in annual profit. The company is focused on optimizing customer acquisition costs, with promising results from new channels, reducing CAC in the U.K. to under GBP 50 for certain tactics. They also reported a 50% improvement in engagement due to a revamped rating system. The guidance reiterated a commitment to maintaining robust cash flow and profitability, with plans to further enhance value creation and efficiencies, particularly in marketing and fulfillment, while monitoring potential excess cash for shareholder value activities like share buybacks. The company anticipates FY '25 performance to align with current guidance.
Strong Cash Position
Cash is up GBP 20 million compared to the previous year, indicating significant improvements in cash flow.
Engaged Membership Base
Core members, who have been with the company for over 2 years, now account for 74% of revenues, up from 67% last year, with retention rates improving to 79%.
Improved Customer Engagement
The company reported a 50% improvement in engagement with the new rating system and a 3 percentage point increase in immature retention.
Positive Results from New Channels
The company is seeing promising results from new marketing channels such as PR and content creators, with a CAC under GBP 50 for some tactics.
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Naked Wines plc (GB:WINE) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:WINE Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Dec 10, 2024
57.20p
56.00p
-2.10%
Aug 28, 2024
51.00p
55.30p
+8.43%
Dec 15, 2023
43.00p
47.85p
+11.28%
Sep 19, 2023
70.00p
62.20p
-11.14%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Naked Wines plc (GB:WINE) report earnings?
Naked Wines plc (GB:WINE) is schdueled to report earning on Jun 25, 2025, TBA Not Confirmed.
What is Naked Wines plc (GB:WINE) earnings time?
Naked Wines plc (GB:WINE) earnings time is at Jun 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.