// Games Workshop sales rise during Covid-19 lockdown
// Revenues rise 5% to £269.7m
// Pre-tax profits climbed 10% to £89.4m
Games Workshop has posted record sales after calling the last year the “best in its history” thanks to a rapid rise sales and profits.
The Warhammer fantasy figurines retailer recorded a five per cent rise in revenues to £269.7 million for the year to the end of May, while pre-tax profits climbed 10 per cent to £89.4 million.
Games Workshop chief executive Kevin Rountree called it “an amazing set of results”.
The retailer said it lost only about six weeks of sales and profit after its stores had to temporarily shut due to the government-mandated lockdown.
However, customers continued to shop online, with online sales accounting for nearly a fifth of sales during the year.
The retailer’s physical locations, which currently stand at 531 branches in 23 countries, account for 30 per cent of sales.
The company is now worth £3 billion, with shares rising by eight per cent in morning trading to hit £91.35.
In April, Games Workshop said it would begin making trade sales in Europe and North America and will take online orders from May.
The decision came as the retailer implemented changes across its warehouse operations to enable social distancing due to the pandemic.