Games Workshop announced that its sales for the fiscal half-year ended November 30 were roughly in line with expectations and with the year-ago period. But profits, affected negatively by the strength of the British pound, will be roughly £1 million less than those in the year ago period, the company said.
The stabilization of sales is a welcome development after an 8.2% decline worldwide in the fiscal year that ended July 29th, but investors aren’t happy about a further decline in profits after a 50% decline last year (see "Games Workshop Sales, Profits Decline"). The stock price is down over 7% since the warning was issued.
Kevin Rountree (formerly COO) will take over as CEO of the company on January 1st, following Tom Kirby’s resignation (see "“New CEO at Games Workshop").
But Profits Down
Posted by ICv2 on December 22, 2014 @ 12:39 am CT
MORE NEWS
And Reveals What Happened to his Eye
May 3, 2024
Massive Publishing will release a manga-style comic take on the venerable Popeye characters, with the story to reveal how Popeye lost his eye.
New Expansion for Evergreen Days of Wonder Title
May 3, 2024
Days of Wonder will release Ticket to Ride Iberia & South Korea, a new expansion for the evergreen classic, in June.
MORE GAMES
'Outlaw Junction' Tops Chart in Big Month for 'Magic: The Gathering'
May 3, 2024
Magic: The Gathering - Outlaws of Thunder Junction took two of the top three slots in a big month for Magic .
'Starter Set - Hungering Abyss'
May 3, 2024
Edge Studio will launch a new Arkham Horror RPG with Starter Set – Hungering Abyss in August.