Virgin Wines UK
VINO · AIM · Retail · mcap £12m · 25.5p
Virgin Wines is a UK online wine retailer selling mainly through a subscription-style WineBank membership, plus commercial partnerships such as Ocado and its Warehouse Wines channel. It buys wine based on customer preferences and delivers direct to homes.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2024 | |||
| H2 2024 | Introduce strategic initiatives in Q2/Q3 2024 with benefits starting from H2 2024. | 25 Oct 2023 | ◐ Partly kept |
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Status so far
FY24 margins and EBITDA improved, and a Warehouse Wines investment and Ocado partnership followed, but revenue stayed flat. “The Company's new value proposition, Warehouse Wines, that launched pre-Christmas 2023, has started encouragingly with a particularly strong Q4, and an improving rate of customer acquisition.”25 Jul 2024 · FY24 Trading Update |
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| 2026 | |||
| 23 Mar 2026 | Return surplus cash via share buyback of up to 15% of shares. | 28 Jan 2025 | ◐ Partly kept |
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Result
Treasury shares rose to 4.1m by September 2025, indicating buybacks; completion is not confirmed. “the Company's issued ordinary share capital consists of 55,972,405 ordinary shares of which a total of 4,133,298 ordinary shares are held in treasury”11 Sep 2025 · Transfer of Treasury Shares & Total Voting Rights |
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