Games Workshop shares fall 6.5% as US tariffs and plastic costs hit profits
Shares in British miniatures maker Games Workshop dropped up to 6.5% after the company warned that new U.S. tariffs would add an annualised cost of about £13 million and that higher plastic input prices would cost roughly £2 million. The guidance came despite a record pre‑tax profit of £275.7 million for the fiscal year ended 31 May, a 4.9% increase.
Games Workshop said it plans mitigation measures such as price increases and operational changes, and reiterated that artificial intelligence is not used in creating Warhammer miniatures, artwork or lore. The company, the only publicly listed pure‑play miniatures firm worldwide, was trading at £195.64 per share, valuing it at about £6.46 billion.
Entities: Games Workshop · UK · United States · Warhammer
Claims
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- [● 3 SOURCES] Profit before tax rose 4.9% to a record £275.7 million for the fiscal year ended 31 May. (Reuters)
- [● 3 SOURCES] Games Workshop is the only publicly listed pure‑play miniatures company globally. (Reuters)
- [● 3 SOURCES] The share price was £195.64 per share, valuing Games Workshop at about £6.46 billion. (Reuters)
- [● 3 SOURCES] Shares in Games Workshop fell as much as 6.5% on July 28, 2024. (Reuters)
- [● 3 SOURCES] Games Workshop expects new US tariffs to create an annualised cost of around £13 million. (Reuters)
- [● 3 SOURCES] Games Workshop expects mitigation measures, including price increases and operational changes, to offset part of the tariff impact. (Reuters)
- [● 3 SOURCES] Higher plastic input costs are estimated to hit Games Workshop by roughly £2 million. (Reuters)
- [● 3 SOURCES] Games Workshop reiterated that AI is not used in creating Warhammer miniatures, artwork, or lore. (Reuters)