Business
Half-year Results
Half-year Results.
About this update from Naked Wines Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7577S\n Naked Wines PLC\n 18 November 2021\n \n \n \n \n 18 November 2021\n \n \n Naked Wines plc\n \n \n \n \n \n (\"Naked Wines\" or \"Group\") \n \n \n \n \n \n Half Year Results for the 26 weeks ending 27 September 2021 \n \n \n \n \n \n Disruptive business model continues to drive growth as the largest direct-to-consumer wine business in the world with 947k Angels \n \n \n \n \n \n Nick Devlin, Group Chief Executive, commented: \n \n \n \"We have a large long-term value creation opportunity driven by a disruptive business model, an underpenetrated $25 billion total addressable market (TAM), exceptional winemakers and wine, and a loyal customer base with attractive unit economics and recurring revenues. Our disruptive business model connects consumers directly with winemakers, stripping out the cost of traditional sales and distribution and delivering consumers exclusive world-class wines at fair prices and with a genuine connection to their maker. \n \n \n \n \n \n I'm delighted by the progress we have made so far this year in further strengthening our winemaker lineup and customer proposition. We are now serving a global community of 947,000 members - an increase of 25% over the last year - reflecting sustained consumer desire for an alternative to traditional wine distribution.\n \n \n \n \n \n I'd like to thank all our teams for their hard work in a challenging supply environment for ensuring we are well stocked and prepared for what we anticipate to be a record holiday season. We are focused on delivering an incredible experience for our members and on continuing to invest to grow Naked Wines and connect more wine drinkers to the world's best independent winemakers.\"\n \n \n \n \n \n Growth driven by sales increase and strong customer retention\n \n \n ● Total sales +6% on a constant currency basis1 and +1% on a reported basis vs H1'21 (+82% on a reported basis vs H1'20) to £159.3 million, driven by strong Repeat Customer sales retention2 and growth in Repeat Customer sales in key US segment \n \n \n ● Growth partially offset by a decline in New Customer sales2, with a tough comparison to the first half of 2021 which benefited from COVID-19 lockdowns \n \n \n ● Active Angel base (our subscription customers) now at 947k, a 25% increase over H1...