TheWorks.co.uk plc (WRKS) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the works.co.uk plc fy26 results investor presentation. Throughout this recorded presentation, investors will be in listen-only mode. Questions are encouraged and they can be submitted at any time using the Q&A tab situated on the right-hand corner of your screen. Simply type in your questions and press send. Before we begin, I would like to submit the following poll and I would now like to hand you over to CEO Gavin Peck. Good afternoon to you. Good afternoon. Good afternoon, everyone. Thanks for joining us. Rosie and I look forward to updating you on the great strategic progress that we've made in the last 12 months and the step change that that has delivered in our financial performance and the momentum that we've taken forward into FY27. We'll have plenty of time at the end to answer questions. Just before I get into the results just wanted to spend a few minutes recapping the background to The Works which I appreciate some would have heard before but I think it's important context to the story. So The Works was originally established as a high street presence 45 years ago initially as a discount book chain called Remainders Limited selling clearance books and over the next 45 years we've evolved into the proposition that we've got today which is a value retailer focused on selling for key product categories being books, arts and crafts, stationery and toys and games. And we have been bringing that proposition together under affordable screen free activities for the whole family for the last 18 months. And really, it's all about connecting people with feel good ways to spend their time away from screens, something that we call time well spent, and I'll come to talk about later, usually relevant when concerns arising around too much s...