The Company is pleased to advise that WINEDEPOT processed 2,890 orders in May, representing an increase of 37% on April’s record result.
This result is in line with the guidance provided on 19 May, that the business was on track for another record-breaking month.
DW8 CEO Dean Taylor is extremely pleased with the result stating, “Based on the current order run rate, WINEDEPOT’s quarterly growth rate is now tracking in excess of 100%, more than double what we previously indicated. The majority of this additional growth can be attributed to the activation of new customers.”
“What’s encouraging is that this has been achieved during a very challenging period, when most of our customers cellar doors have been closed forcing them to rely on just their websites and wine clubs to carry them through. Except for the odd bottle shop, virtually none of the orders that we have processed over the last two and a half months have been delivered to restaurants or other licenced premises.”
“It’s important to point out that trade orders generally contain more cases than direct-to-consumer orders. Therefore as tens of thousands of venues reopen, we are likely to see a strong lift in both order and case volumes. Particularly in Q4, which is historically when venues are their busiest and the beverage industry generates the majority of its sales.” “What is more exciting is that the volume of trade orders will be amplified by the launch of our B2B Marketplace which is on track to go live in the second half of this year. Provided the COVID-19 restrictions continue to lift as they have, the expected growth in deliveries to trade customers should help us set many more records over the coming months.”