TheWorks.co.uk plc (LSE:WRKS) has raised its FY27 earnings guidance after reporting a 10.4% increase in like-for-like sales during the first 18 weeks of the financial year.
The sales increase compares with like-for-like growth of 5.9% during the corresponding period of FY26. The retailer said growth was recorded across all four of its product categories.
Following the trading performance, the board increased its expectation for FY27 pre-IFRS 16 adjusted EBITDA to at least £16.0 million, compared with its previous guidance of £15.0 million.
The company attributed the sales performance to its product offering and the execution of its Elevating The Works growth strategy.
TheWorks said the wider macroeconomic environment remains uncertain and noted that the Christmas trading period will be an important part of its full-year performance.
More about TheWorks.co.uk plc
TheWorks.co.uk plc is a specialist retailer of arts and crafts, stationery, toys and games, and books, with a focus on affordable, screen-free activities.
The group operates more than 500 stores across the UK and Ireland, selling products aimed at families and consumers seeking value-focused leisure, creative and educational activities.
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