Virgin Wines profits slow ‘in line with expectations’
Virgin Wines reported a full-year trading performance “in line with expectations” driven by a disciplined approach to customer acquisition, positive trends on conversion and cancellation rates, and a resilient WineBank loyalty scheme.
In a trading update for the year ending June 30, 2023, Virgin Wines reported total revenues of £59m and adjusted profit before tax of “no less than £0.5m”.
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