Naked Wines hails ‘good performance’ over Christmas as Gormley departs

wine bottles

Naked Wines has reported it had a “good performance” over Christmas with strong underlying revenue growth, as its founder and chief executive retires with immediate effect.

For the 10-week period ending December 31, 2019, the specialist wine retailer said underlying revenue was up 11% on the same period last year.

The retailer reported that total gross margins were up 1 percentage point year on year, as a result of a higher proportion of repeat customer sales.

It said investment in new customers for the year “is expected to be at the lower end” of the £20m-£25m range indicated in its most recent interim results.

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