Virgin Wines posts strong first-half results

Virgin Wines
FinanceNews

Online wine and spirits retailer Virgin Wines has reported a strong festive trading period with revenue over the seven weeks to 26 December 2025 increasing by 5% year-over-year, with a 40% increase in customers acquired.

In the first half of the year ending on 2 January 2026, the business saw its revenue increase by 2% to £34.7m compared to £34.1m in the year prior.

The Group said it outperformed the wider online drinks market, which declined by 11%. The revenue increase was driven by commercial partnerships and corporate gifting, which grew on a yearly basis, with the Moonpig collaboration continuing to deliver double-digit growth.

The Warehouse Wines category experienced a 92% increase in revenue year-over-year.


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Jay Wright, CEO of Virgin Wines, commented: “We are delighted to report a positive first-half performance in which we have delivered meaningful market share gains enabled by our growth strategy.

“With a strong balance sheet, an agile sourcing model, a loyal customer base, and the imminent launch of our mobile app, which we believe will drive further customer engagement, we remain confident in a full-year performance in line with our growth expectations.”

Moving forward, the company is confident that the (full year) FY26 results will remain in line with current market expectations. The company currently has gross cash of £17.9m compared to £23.7m in the same period in the year prior.

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Virgin Wines posts strong first-half results

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Online wine and spirits retailer Virgin Wines has reported a strong festive trading period with revenue over the seven weeks to 26 December 2025 increasing by 5% year-over-year, with a 40% increase in customers acquired.

In the first half of the year ending on 2 January 2026, the business saw its revenue increase by 2% to £34.7m compared to £34.1m in the year prior.

The Group said it outperformed the wider online drinks market, which declined by 11%. The revenue increase was driven by commercial partnerships and corporate gifting, which grew on a yearly basis, with the Moonpig collaboration continuing to deliver double-digit growth.

The Warehouse Wines category experienced a 92% increase in revenue year-over-year.


Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning


Jay Wright, CEO of Virgin Wines, commented: “We are delighted to report a positive first-half performance in which we have delivered meaningful market share gains enabled by our growth strategy.

“With a strong balance sheet, an agile sourcing model, a loyal customer base, and the imminent launch of our mobile app, which we believe will drive further customer engagement, we remain confident in a full-year performance in line with our growth expectations.”

Moving forward, the company is confident that the (full year) FY26 results will remain in line with current market expectations. The company currently has gross cash of £17.9m compared to £23.7m in the same period in the year prior.

FinanceNews

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