Naked Wines (WINE.L) an online wine retailer announced that trading so far this year is consistent with its FY26 guidance.
The company expects progressive growth in adjusted underlying earnings, excluding inventory liquidation and related costs, alongside stronger cash generation compared to FY25.
Naked Wines also reported solid progress on its £2m share buyback programme launched last month, with approximately £1.7m already completed at prices below the board's assessment of intrinsic value. Interim results for the six months ended September 30 will be released in early December.
The company highlighted that its earnings growth outlook remains intact, while the buyback demonstrates confidence in its long-term value.
Wednesday WINE.L closed at £85.6 or 0.47% lower on the London Stock Exchange.
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