Warhammer Retailer Sees 44% Profit Increase and Expansion
- 44% increase in profits before tax to £58.6m
- 27% increase in trade operations across all key countries
- 200 additional trade outlets
- Revenues increased to £148.4m from £125.2m last year
- Online sales up 15% with plans to improve online store experience
- 12 new stores opened during the period
- CEO Kevin Rountree: ‘Our business and the Warhammer hobby continue to be in great shape’
- Dividend of 45 pence per share announced
- Record sales and profit levels for the period
- Sales for December in line with expectations
Games Workshop, the popular tabletop game retailer known for its Warhammer franchise, has reported a significant increase in profits and sales growth. The company’s profits before tax rose by 44% to £58.6 million, driven by a 27% increase in trade operations across all key countries. This was accompanied by the addition of approximately 200 new trade outlets, which helped drive forward sales in this channel. Revenues increased from £125.2 million last year to £148.4 million, and reported sales grew by 19% to £148.4 million. Online sales also saw a 15% increase compared to the previous year, with plans to improve the online store shopping experience. The company opened 12 new stores during this period. CEO Kevin Rountree praised the global team and announced a dividend of 45 pence per share, in line with the company’s policy of distributing surplus cash. Sales for December were in line with expectations. Last year, Games Workshop posted positive full-year results showing a 16% increase in revenues to £256.5 million and an operating profit increase of £6.8 million.
Factuality Level: 10
Factuality Justification: The article provides accurate information about Games Workshop’s financial performance, including profits, revenue, and store growth. It also includes quotes from the CEO, Kevin Rountree, which adds credibility to the report.
Noise Level: 3
Noise Justification: The article provides relevant information about Games Workshop’s financial performance and growth in sales, but it lacks analysis or exploration of the reasons behind the success. It also does not offer any actionable insights for readers.
Financial Relevance: Yes
Financial Markets Impacted: The financial performance of Games Workshop
Financial Rating Justification: The article discusses the company’s financial results, including profits, revenues, and sales growth, which are relevant to financial topics.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
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