Sumary of Naked Wines benefits from Covid online boom as sales soar:
- Naked Wines has reported a 68% surge in sales over the past year as customers flocked to buy wine online during the coronavirus crisis..
- said Nick Devlin, the chief executive of Naked Wines, who expects the business to grow sales by about a fifth annually..
- The company total sales increased by 68% to £340m in the year to 29 March, driven by the US, where there was 78% revenue growth..
- Naked Wines said that sales in the first two months of its new financial year, April and May, were up 96%, prompting it to forecast sales of between £355m and £375m this year…