Games Workshop's interim results released on January 25 showed a slowdown in sales growth compared to recent years. It said the bubble effect in 2003 and 2004 could not be sustained. The retailer said trading had been difficult since the interim statement, with sales in the five week period including Easter bank holiday being well below budget. However, the retailer pledged to focus on maximising operation efficiencies so that the slowdown in sales will be offset by higher gross margins.
The retailer said: 'In spite of this, the sales shortfall described above is likely to impact materially on the company's profits and earnings per share in the current year.'