Netflix’s share price took a tumble recently when its forecast for the following quarter’s revenue was below market expectation. This got me thinking about how we value what we do in business, and especially in the wine trade.
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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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Diageo has reported an 8.3% jump in sales to £12.7bn with strong organic growth offset by an adverse foreign exchange impact in the year to 30 June 2021.
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Alliance Wine has added two new members to its board of directors, effective immediately.
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Henkell Freixenet has announced an overall drop in turnover, but reported record turnover for the UK and Scandinavia.
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Naked Wines has reported an 81% surge in sales during April and May, making up the first two months of fiscal 2021.
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Edrington has reported a 9% increase in core revenue and a 4% rise in profits for the year ending 31 March 2019.
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Boutinot has reported turnover increased to £139.6 million for the year ending 31 August 2018, up 4.5% on the previous year.
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Badet Clément has posted double-digit global growth driven by a particular impressive UK performance.
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Majestic Wine’s full year results to 2 April 2018 reported group sales up 2.3%, driven by underlying sales growth of 11% at Naked Wines, in line with the company’s forecasts.
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Pernod Ricard has reported a rise in organic Q3 sales boosted by strong performances in China and the US.
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Sainsbury’s has reported 2.3% growth in like-for-like first quarter sales, excluding fuel, compared to a 0.3% increase seen in the previous quarter, partly in thanks to the sunny start to the summer.
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Majestic Wine’s full-year reported profit before tax has revealed a loss of £1.5 million, set against a 15.8% rise in sales and 12% growth in the company’s customer base to 825,000 active customers.
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