Games Workshop Group PLC on Friday said that trading in its first financial quarter was ahead of expectations, driven by healthy growth across all channels.
The Nottingham, England-based miniature wargames maker and retailer said core revenue in the three months to August 27 was around £121 million, rising 14% year-on-year from £106 million.
Core revenue refers to direct sales of its core products to external customers, via its retail network, independent retailers, or online. Licensing revenue doubled to around £6 million.
While noting the performance was better than the previous year, the miniature wargames maker and retailer said ‘it is still early’ in the financial year. It declared a dividend of 50 pence per share, bringing the total declared payout in the financial year so far to £1.95 per share, compared to £1.20 a year prior.
The company’s last financial year ended on May 28, 2023.
Games Workshop shares rose 7.7% to 11,190.00 pence each on Friday morning in London.
Copyright 2023 Alliance News Ltd. All Rights Reserved.
