Games Workshop Group PLC on Friday said that trading in its first financial quarter was ahead of expectations, driven by healthy growth across all channels.

The Nottingham, England-based miniature wargames maker and retailer said core revenue in the three months to August 27 was around £121 million, rising 14% year-on-year from £106 million.

Core revenue refers to direct sales of its core products to external customers, via its retail network, independent retailers, or online. Licensing revenue doubled to around £6 million.

While noting the performance was better than the previous year, the miniature wargames maker and retailer said ‘it is still early’ in the financial year. It declared a dividend of 50 pence per share, bringing the total declared payout in the financial year so far to £1.95 per share, compared to £1.20 a year prior.

The company’s last financial year ended on May 28, 2023.

Games Workshop shares rose 7.7% to 11,190.00 pence each on Friday morning in London.

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