Virgin Wines profits wiped as Christmas trading impacted by operational issues
Virgin Wines profits and sales dropped in the first half, as the cost-of-living crisis exacerbated what the chief executive called “certain internal and operational challenges” over Christmas.
In its interim results for the six months to December 31, 2022, Virgin Wines reported profit before tax of just £0.1m, down from £3.2m, and underlying EBITDA of just £1.4m, down from £3.9m in the same period in 2022.
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