Naked Wines CEO exits immediately as it lowers guidance amid ‘weak’ demand

Naked Wines has reduced its full-year guidance as it called trading in the US market “weaker than anticipated” seeing a 20% year-on-year dip.
Firm-wide sales at the AIM-listed wine-subscription retailer slipped 17% despite the UK and Australian markets performing in line with expectations.
Full-year sales for 2024 are now expected to decline between 12% and 16% year on year, with underlying earnings expected to close between £2m and £6m (previous guidance was between