The Works upgrades profit outlook as turnaround takes effect - Retail Gazette

The Works ups profit guidance as turnaround bears fruit

The Works has upgraded its FY25 profit guidance and is expecting to deliver approximately adjusted EBITDA of £9.5m compared with £6m in FY24, following good progress with its turnaround strategy. The group is also targeting profit growth in excess of current market expectations of the £10m adjusted EBITDA in FY26. The Works revised its profit outlook as it made “amazing” initial progress on its new strategy, ‘Elevating The Works’, alongside its …

The Works upgrades profit outlook as turnaround takes effect - Retail Gazette

The Works said it expects to deliver an adjusted EBITDA of £9.5m for the year to 4 May, beating its previous forecast of £8.5m, as the business makes progress against its turnaround plan. The retailer has also increased its guidance for the current financial year and is targeting profit growth in excess of the £10m adjusted EBITDA it originally stated. The revised outlook comes as The Works reported it had made “excellent initial progress” again…