The Works reports improved H1 profitability


The Works reports improved H1 profitability

The Works has released its interim results for the 26 weeks ended 2 November 2025 (the “Period” or “H1 FY26”), and an update on current trading for the 11 weeks ended 18 January 2026.

During the period, like-for-like (LFL) sales rose by 0.3 per cent. Stores, which represent over 90 per cent of total sales, delivered strong growth, with sales increasing 4 per cent on a LFL basis. Meanwhile, online sales declined by 36 per cent, reflecting the impact of operational challenges experienced following the transition to a new third-party fulfilment partner. Total sales fell 0.3 per cent to £123.8m, from £124.2m, reflecting the LFL sales and the timing of store openings and closures during the Period.

In the 11 weeks to 18 January, store like-for-like sales increased 1.2 per cent, again outperforming the wider non-food retail market which saw a 0.4 per cent decline. But, online capacity continued to be constrained with LFL sales declining by 4.2 per cent.

Gavin Peck, Chief Executive Officer of The Works, commented: “At the heart of everything we do is our mission to become the favourite destination for affordable, screen-free activities for the whole family. This has never been more relevant given the digital age we all live in and our action to deliver this in the current financial year has been well-received by customers, existing and new.

“The strategic initiatives delivered in the first half of the financial year have been critical in driving a strong performance in-store and an improvement in profitability year-on-year. Along with the wider sector, we have felt the impact of a challenging consumer backdrop, however we continued to see a positive response to our excellent value and new products over the festive period.

“Guided by our strategy, alongside the hard work of our colleagues and support of our loyal customers, we are well-positioned to deliver sales and profit growth in the remainder of the financial year and beyond.”

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