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Artisanal Spirits Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Artisanal Spirits (LON:ART) Full Year 2023 Results

Key Financial Results

  • Revenue: UK£23.5m (up 7.9% from FY 2022).

  • Net loss: UK£3.85m (loss widened by 91% from FY 2022).

  • UK£0.055 loss per share (further deteriorated from UK£0.029 loss in FY 2022).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Artisanal Spirits Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Beverage industry in the United Kingdom.

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Performance of the British Beverage industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Artisanal Spirits (including 2 which can't be ignored).

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.