The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTheworks.co.uk. Share News (WRKS)

Share Price Information for Theworks.co.uk. (WRKS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 24.75
Bid: 24.40
Ask: 25.10
Change: 0.00 (0.00%)
Spread: 0.70 (2.869%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 24.75
WRKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TheWorks sounds cautious festive note

Fri, 11th Nov 2022 08:01

(Sharecast News) - TheWorks.co.uk reported an uptick in half-year sales on Friday, but sounded a cautious note ahead of the crucial Christmas season.

The retailer, which sells value arts and crafts, toys, books and stationery, said total sales in the 26 weeks 30 October rose 2.1%, or by 0.6% on like-for-like basis. Store trading was ahead 3.5% on a like-for-like basis, while online sales fell 16.9%, although they remain 50% above pre-Covid levels.

TheWorks said it had since benefited from strong demand for outdoor toys during the hot summer and a "record" back to school season.

Looking to the second half, however, it acknowledged that the cost of living crisis and weakening economic climate made spending hard to predict.

It said: "While we are pleased with the overall trading performance in the first half, and the resilience of our business and offering, we remain cautious with regard to how consumer spending might be affected by external factors such as higher inflation and interest rates during the key Christmas season, and the remainder of the financial year."

Expectations for the full-year results remain unchanged, however.

Gavin Peck, chief executive, added: "Our more customer-focused product proposition has continued to resonate, supported by the hard work and fantastic customer service delivered by our colleagues, helping to offset the challenging trading conditions being seen across the market.

"Although it is very difficult to predict what Christmas will look like this year, we believe that the great products and fantastic value we offer will be more important than ever, with families still looking to celebrate Christmas but in a more afford way."

More News
27 Aug 2020 14:46

TheWorks.co.uk Posts Loss On Virus Charge But Current Trading Positive

TheWorks.co.uk Posts Loss On Virus Charge But Current Trading Positive

Read more
27 Aug 2020 09:31

The Works trades ahead of expectations

(Sharecast News) - The Works said trading was well ahead of expectations since its stores reopened after the Covid-19 lockdown as the crafts and books retailer reported a loss for the year to the end of April.

Read more
26 Aug 2020 12:08

IN BRIEF: Shoe Zone Non-Exec Director Sells Shares After Leaving Board

IN BRIEF: Shoe Zone Non-Exec Director Sells Shares After Leaving Board

Read more
20 Aug 2020 15:59

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
12 Jun 2020 13:54

IN BRIEF: TheWorks.co.uk To-Open Stores From Monday

IN BRIEF: TheWorks.co.uk To-Open Stores From Monday

Read more
12 Jun 2020 08:44

TheWorks to reopen 465 England stores next week

(Sharecast News) - Toys, books and stationery retailer The Works said on Friday that its online business continues to perform well as it prepared to reopen 465 stores across England, Northern Ireland and the Republic of Ireland next week.

Read more
7 May 2020 17:30

UK TRADING UPDATE SUMMARY: Filta Launches Covid-19 Sanitising Service

UK TRADING UPDATE SUMMARY: Filta Launches Covid-19 Sanitising Service

Read more
7 May 2020 09:38

TheWorks online sales jump in lockdown

(Sharecast News) - TheWorks reported a surge in online sales since the imposition of the lockdown and an increase in full-year revenue, as it insisted it has sufficient liquidity to get through the coronavirus crisis.

Read more
23 Mar 2020 14:52

TheWorks Gets Trading Boost But Closes Stores Due To Covid-19

TheWorks Gets Trading Boost But Closes Stores Due To Covid-19

Read more
24 Feb 2020 14:45

DIRECTOR DEALINGS SUMMARY: Greencore CEO Sells GBP1.8 Million Worth

DIRECTOR DEALINGS SUMMARY: Greencore CEO Sells GBP1.8 Million Worth

Read more
22 Jan 2020 15:56

DIRECTOR DEALINGS: TheWorks.co.uk Chair Doyle Buys GBP590,000 In Stock

DIRECTOR DEALINGS: TheWorks.co.uk Chair Doyle Buys GBP590,000 In Stock

Read more
16 Jan 2020 12:31

The Works hails record Christmas sales; CEO departs

(Sharecast News) - Toys, books and stationery retailer The Works said on Thursday that chief executive officer Kevin Keaney was stepping down after nearly nine years in the role, as it hailed a record Christmas sales performance.

Read more
16 Jan 2020 10:24

TheWorks Christmas Sales Rise But Arts and Crafts Firm's CEO Leaves

TheWorks Christmas Sales Rise But Arts and Crafts Firm's CEO Leaves

Read more
9 Jan 2020 16:10

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
7 Nov 2019 11:19

TheWorks Shares Dive Over 40% As It Warns On Profit Performance

TheWorks Shares Dive Over 40% As It Warns On Profit Performance

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.