- Declines in key metrics
- Break-even trading expected next year
Naked Wines’ (WINE) shares plunged on the back of these results, leaving nervous investors reaching for the nearest bottle of vino. Despite a return to profit, the market was spooked by the direct-to-consumer wine company’s outlook – management now expects only a break-even adjusted cash profit for financial year 2023 – and less than impressive key performance indicators (KPIs).