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
