TheWorks.co.uk (WRKS) Trading update summary

Trading performance

• Achieved 10.4% like-for-like sales growth in the first 18 weeks of FY27, up from 5.9% in the prior year period.

• Sales growth was recorded across all four key product categories: arts and crafts, stationery, toys and games, and books.

• The positive momentum includes a strong Back-to-School trading period.

Guidance update

• FY27 pre-IFRS 16 Adjusted EBITDA is now expected to be at least £16.0m, upgraded from previous guidance of £15.0m.

• The upgrade reflects strong trading performance and successful execution of the growth strategy.

Strategic focus

• Continued execution of the Elevating The Works growth strategy is credited for the strong results.

• Emphasis remains on delivering a differentiated, affordable, screen-free customer proposition.

• Focus on maintaining momentum through the key Christmas trading period and beyond.