The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Mark Paul Irvine-Fortescue - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: Three from me, if that's all right. One on current trading, one on inflation and one on working capital, if that's all right. And just on current trading,
that 8% number in April and May is encouraging. I wonder if you could split that by your 3 main geographies. Because the U.K. is perhaps a tailwind
with tougher lockdowns, whereas I think Australia has opened up quickest with the U.S. probably in the middle. And that might just give us a better
feel for the run rate when lockdowns are lifted.
The inflation question. You talked about stepping up investment in staffing. Could you maybe talk about how you're finding that staffing process?
Are there any challenges from some of the dislocation in the labor market that we're seeing elsewhere as COVID disruption recede?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
JUNE 11, 2021 / 1:00PM, WINEW.L - Full Year 2021 Naked Wines PLC Earnings Call
Also on cost of goods, any signs of pricing pressure on that front, either through supply chain disruption or sort of more fundamental inflation.
And if so, just how much of that inflation, if there is any, do you think you can pass on? And how much will you absorb? The last one on working
capital is why was there such a strong inflow from deferred income into the year end and will that...
Question: Mark Paul Irvine-Fortescue - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: Sorry. Should we do current trading?
Question: Mark Paul Irvine-Fortescue - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: Lovely. And maybe just the inflation one then on labor and cost of goods?
Question: Mark Paul Irvine-Fortescue - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: So you're not pushing any underlying pricing through at the moment?
Question: Mark Paul Irvine-Fortescue - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst
: Lovely. And just the last one was on working capital. Do you expect the inflow to reverse for the -- in the new financial year?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
JUNE 11, 2021 / 1:00PM, WINEW.L - Full Year 2021 Naked Wines PLC Earnings Call
|