TheWorks.co.uk Plc (WRKS.L) Monday said in its latest trading update that it is confident of reporting profit in fiscal 2026, which is in line with market expectations of adjusted EBITDA of 11.0 million pounds.
On the LSE, WRKS.L is down 7 percent on Monday's trading at 49.12 pence.
The UK-based retailer of affordable books, stationery and crafts, said that it has seen positive trading trends in fiscal 2026, despite challenging consumer conditions. The company said that like-for-like sales till date have outperformed the wider market and are a result of its Elevating The Works' strategy.
According to TheWorks.co.uk, significant strategic progress has been achieved since the start of the financial year and this includes two major initiatives ahead of the peak Christmas trading period, i.e., the completion of a new mezzanine level at the retail Distribution Centre, and the near-final transition to a new third-party online fulfilment provider.
The Works said it will next update the market on November 13, with the publication of a trading update for its half year ending November 2.
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