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A challenging time for Naked Wines

While the company returned to the black, it needs more new customers
A challenging time for Naked Wines
  • 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).

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