Are things looking more on the up from Games Workshop? Checkout the details on their annual sales, the hobby, Brexit and the holiday sales road ahead!
Things look to be going much better this year for the toymaker from Nottingham, as they just released this trading update today.
Source Games Workshop:
Games Workshop Group PLC announces that the Board has today declared a dividend of 25 pence per share. This will be paid on 2 December 2016 for shareholders on the register at 28 October 2016, with an ex-dividend date of 27 October 2016. The last date for elections for the dividend re-investment plan is 11 November 2016.
How do you think sales will go this holiday season based on what we know is in the release chute, and over all consumer confidence between Brexit and the US elections?
Previous GW Financial Updates:
Games Workshop Group PLC announces that sales and profits in the four months to 2 October 2016 are ahead of the Board’s original expectations.
Over the four month period of the year to date we have seen sales growth in constant currency terms. Sales have further benefitted from the favourable impact of a weaker pound. These have resulted in growth in reported sales for the period.
However, the Board is aware that this is early in the 2017 financial year and that there are a number of key challenging trading periods ahead.
So it looks like whatever happened since summer (revised AoS, and shotgun 40k releases) has the board optimistic of the first four months of their 2016 years. However they acknowledge the upcoming holiday and electorial periods as well.
GW 2015 Report Summary:
Games Workshop 12 Month Stock Price
We will provide the detailed information on the results for the 2015/6 financial year at the time of our announcement on 26 July 2016.
Regardless just as any year, there is no lack of drama with this report as Roundtree address a number of proxie votes against the board, why the may have happened, and then in a whopping 64 page report breaks down a lot of what it is GW does as a company.
Well have at it! Can GW see the light at the end of the tunnel now that sales are up? Have they satiated the questions of a curious hobby and non-hobby audience?
So what say ye?
About the Author: Rob Baer
