By Joe Hoppe
Games Workshop Group said Tuesday that fiscal 2023 pretax profit and revenue rose after delivering growth in all major countries.
The British miniature-wargaming company said for the year ended May 28, pretax profit rose to 170.6 million pounds ($218.8 million) from GBP156.5 million a year prior. After a relatively slow start to the year, the company delivered profitable sales growth across all three channels and in all major countries, it said.
Revenue rose to GBP470.8 million from GBP414.8 million. Core revenue rose 15% to GBP445.4 million, though licensing revenue rose 9.3% to GBP25.4 million.
The company will prioritize a number of key initiatives in fiscal 2024, designed to deliver further sales growth while maintaining core operating profit margins, it said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
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