Artisanal’s H1 trading update reads very well. Revenue growth is reported at c.25% vs our full year working assumption of 18%. Membership growth has also remained healthy, equating to 14% on an annualised basis and suggesting consumers at the ultra-premium end are continuing discretionary expenditure. Operational commentary is positive as are reassurances around no meaningful supply/stock availability issues. With no change to full year expectations we maintain our forecasts but see the risk on ....
20 Jul 2022
Excellent H1 update; executing to plan
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Excellent H1 update; executing to plan
Artisanal Spirits Company PLC (ART:LON) | 44.0 0 0.0% | Mkt Cap: 31.0m
- Published:
20 Jul 2022 -
Author:
Sahill Shan -
Pages:
4
Artisanal’s H1 trading update reads very well. Revenue growth is reported at c.25% vs our full year working assumption of 18%. Membership growth has also remained healthy, equating to 14% on an annualised basis and suggesting consumers at the ultra-premium end are continuing discretionary expenditure. Operational commentary is positive as are reassurances around no meaningful supply/stock availability issues. With no change to full year expectations we maintain our forecasts but see the risk on ....