Virgin Wines issues profit warning following ‘difficult trading period’

Virgin Wines advent calendar

Virgin Wines has issued a warning on full-year profits after a harsh half-year trading period hampered by strikes and operational problems.

The retailer now expects revenue for the full year to be £63m and EBITDA margin to be between 4% and 5%, with underlying EBITDA margin expected to be 6-7%.

 

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