Brief: Theworks.Co.Uk Expects Trading Conditions During H2 FY24 To Remain Challenging And Consumer Spendwill Be Subdued

Works co uk

09/11/2023 07:39

Nov 9 (Reuters) - Works co uk PLC  WRKS.L :
    * THEWORKS.CO.UK PLC  - HALF-YEAR TRADING UPDATE
    * WORKS CO UK PLC - IN FIRST HALF OF FY24 WORKS DELIVERED
TOTAL
SALES GROWTH OF 3.4%
    * WORKS CO UK PLC - REVISED ESTIMATE OF LIKELY FULL YEAR
RESULT
FOR FY24, AND NOW EXPECT THAT PRE IFRS 16 ADJUSTED EBITDA WILL
BE APPROXIMATELY £6.0M
    * WORKS CO UK PLC - ANTICIPATE THAT TRADING CONDITIONS
DURINGH2
FY24WILL REMAIN CHALLENGING AND CONSUMER SPENDWILL BE SUBDUED
    * WORKS CO UK PLC - LAST YEAR, CONSUMERS LEFT CHRISTMAS
SHOPPING
UNTIL VERY LATE IN SEASON, AND EXPECT THAT SALES MAY FOLLOW A
SIMILAR PATTERN THIS YEAR

Source text for Eikon:  ID:nRSI8618Sa 
Further company coverage:  WRKS.L