UK retailer TheWorks gains as profit forecast in line with market view

Works co uk

01/10/2024 09:02

** Shares in TheWorks.co.uk  WRKS.L  up 8.3% at 26p 
    ** The British books and stationary retailer sees meeting
market view for FY2025 adj core profit 
    ** Says LFL sales growth in first 21 weeks of year at 0.2%,
in line with expectations 
    ** Co posts FY24 adj core profit of 6 mln pounds ($8 mln) vs
last year's 9 mln pounds on tough consumer backdrop and downbeat
Christmas trading 
    ** Stock has fallen 7% so far this year 


($1 = 0.7493 pounds)

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))