Shares in The Works have seen a more than threefold increase in price within a span of four months, bouncing back from investor doubts about "its relevancy in modern retail".
The West Midlands-based company's stock was valued at 20p towards the end of March, but has since skyrocketed and is now trading at over 63p, as reported by .
This current price marks the highest value for The Works' shares since February 2022.
However, this figure is still significantly lower than the 175p they were priced at shortly after The Works floated on the London Stock Exchange in 2018.
The Works' shares have surged following the disclosure of its financial results for the year ending 4 May, 2025.
Despite the company's revenue dropping from £282.6m to £277m over the 12-month period, its pre-tax profit saw an increase from £6.9m to £8.3m.
The Works added: " We remain on track to deliver sales in excess of £375m and EBITDA margin of at least 6% within five years."
The Works to 'live to fight another day'
Dan Coatsworth, investment analyst at AJ Bell, commented: "The Works has been through a turbulent time since being a listed business as investors questioned its relevancy in modern retail.
"By 2024, its shares were essentially priced as if the business was going bust.
"The shares soared earlier this year when it reported an improvement in profitability and unveiled a new strategy to be a more efficient operator and help consumers better understand what the business does.
"The share rating was so low that it didn't take much to drive a bounce-back in the stock, essentially the market's way of saying The Works would live to fight another day.
"The stock has jumped again on the latest results amid profit growth and positive trading in the first 11 weeks of its new financial year.
"It's headed in the right direction and management remain enthused by the new strategic plan. However, getting the public to better understand what's on offer is going to be hard.
"The Works has a reputation for stocking a real mishmash of products that might work as birthday or Christmas presents but which aren't essential purchases.
"It's a low margin business that relies on passing trade. It isn't a destination retailer in the way that names like Marks & Spencer or Next are places people proactively visit.
"The Works might have some smart ideas to get more people through the door, but repositioning the brand could be harder than it thinks."
The "turbulent time" referenced by AJ Bell included suffering a cyber attack in 2022 which caused disruption to till systems, in‐store transactions, stock deliveries and online order fulfilment.
