Don’t miss this one folks, Games Workshop just release their preliminary trading report for last years finances, and let’s just say things may be looking up!
Source: GW Investor Relations
TRADING UPDATE ON CLOSE OF FINANCIAL YEAR ENDED 29 MAY 2016
“Following the close of its 2015/16 financial year Games Workshop provides the following trading highlights:
We expect the Group’s profit for the year to 29 May 2016 to be slightly above market expectations due to earning more licensing income than we were expecting.
Over the year, sales have been largely the same as the prior year across all channels.
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.”
This hot on the heels of their mid year report from January:
Did all the new products (licensed products are products too folks), and customer outreach help turn things around in the last six months or so? The final report will be out on 26 July 2016, so we’ll know for sure then as Roundtree will have a lot to say on the matter. As well he should!
Games Workshop Financial Roundup
~ Well that escalated quickly (but in a good way).
++Update++
Several folks have pointed out the fact, not so politely in some cases, that GW did in fact turn a profit last year- which is correct. The topic of this post of course is to report the fact that GW is reporting their earnings “will be slightly above market expectations” which is a great sign for the hobby overall.
About the Author: Rob Baer
Rob Baer
Job Title: Managing Editor
Founded Spikey Bits in 2009
Socials: Rob Baer on Facebook and @catdaddymbg on X
About Rob Baer: Founder, Publisher, & Managing Editor of Spikey Bits, the leading tabletop gaming news website focused on the hobby side of wargaming and miniatures.
Rob also co-founded and currently hosts the Long War Podcast, which has over 350 episodes and focuses on tabletop miniatures gaming, specializing in Warhammer 40k. and spent six years writing for Bell of Lost Souls.
Every year, along with his co-hosts, he helps host the Long War 40k Doubles Tournament at Adepticon and the Long War 40k Doubles at Las Vegas Open, which attracts over 350 players from around the world.
Rob has won many Warhammer 40k Tournaments over the years, including multiple first-place finishes in Warhammer 40k Grand Tournaments over the years and even winning 1st place at the Adepticon 40k Team Tournament.
With over 30 years of experience in retail and distribution, Rob knows all the products and exactly which ones are the best. As a member of GAMA (Game Manufacturers Association), he advocates for gaming stores and manufacturers in these difficult times, always looking for the next big thing to feature for the miniatures hobby, helping everyone to provide the value consumers want.
While he’s played every edition of Warhammer 40k and Warhammer Fantasy (since 5th Edition) and has been hobbying on miniatures since the 1980s, Titans of all sizes will always be his favorite! It’s even rumored that his hobby vault rivals the Solemnance Galleries, containing rulebooks filled with lore from editions long past, ancient packs of black-bordered Magic Cards, and models made of both pewter and resin.
