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Virgin Wines – warns again! And with CEO Jay Wright stating this following covid-period growth… having argued then “a clear strategy to continue this growth over the coming years”!

By Steve Moore | Thursday 4 May 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


A trading statement from online wine retailer Virgin Wines UK (VINO) commences that “significant progress has been made in remedying the stability and software operational issues that previously affected the implementation of the new Warehouse Management System, which, as previously reported, negatively affected H1 revenue and profit” and includes “in a good position to benefit from ongoing improvements in the macroeconomic environment”. So what of a current 36p share price, £20.1 million market cap, more than 7% further lower?
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