Naked Wines meets FY25 expectations as turnaround continues

Naked Wines has reported that its FY25 performance remains in line with expectations ahead of its annual results, expected this summer.
In an update for the year ending 31 March, the retailer said it achieved sales of around £250m, in line with management’s expectations across all markets. Underlying profit, excluding inventory liquidation, is expected to fall within the £4m to £9m range.
However, due to its actions to speed up releasing capital from inventory, it said it