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TheWorks.co.uk PLC on Monday reported ‘significant strategic progress’ ahead of its annual general meeting, as it said it is well positioned to offset cost headwinds. The Birmingham, England-based online seller of books, stationery and toys said that despite a ‘challenging backdrop’, it has witnessed positive trading in financial 2026, as like-for-like sales in the year-to-date continue to outperform the wider market. The company said this reflects the continued delivery of its ’Elevating The Works’ strategy. Shares in TheWorks.co.uk were 5.3% lower at 50.20 pence on Monday afternoon in London. TheWorks.co.uk also noted ‘significant strategic progress’, with the recent completion of its mezzanine level at its retail distribution centre, and with the transition to a new third-party online fulfilment provider being in the ‘final stages.’ Looking ahead, TheWorks.co.uk said it is well-placed to offset ‘significant cost headwinds and deliver further strategic and financial progress.’ The company expressed confidence in meeting full-year profit expectations of pre-IFRS adjusted earnings before interest, tax, depreciation and amortisation of £11.0 million. This represents a 16% uplift on the £9.5 million achieved in financial 2025. TheWorks.co.uk expects to update the market again on November 13. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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