Virgin Wines UK has announced its annual results for the year ending 28 June 2024, showcasing a marked improvement in profitability despite a flat revenue and challenging market conditions.
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Virgin Wines UK has shared its trading update for the year ending 30 June 2024, revealing stable revenue at £59m, matching the previous year’s figure. Improved margins and operational efficiencies, particularly in warehouse fulfilment, significantly boosted profitability.
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Virgin Wines, one of the UK’s largest direct-to-consumer online wine retailers, has today (25 March) announced a 2% revenue growth in the six months ended 29 December 2023 (H1 2024).
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