The latest updates from the UK's leading wine specialist

Majestic Wine PLC Interim Results

Majestic Wine PLC (“Majestic”), the UK’s largest wine warehouse chain, today announces its interim results for the 26 weeks ended 28 September 2009.


  • Profit before tax increased by 9.0% to £6.1m (2008: £5.6m).
  • Interim dividend maintained at 2.8p net per share.
  • Total sales up £12.6m to £106.7m (2008: £94.1m) after inclusion of £6.0m from Lay & Wheeler, the fine wine specialist acquired in March 2009.
  • Like for like sales in UK retail stores up 5.4%.
  • Online sales increased 24.6% on last year and now represent 9.2% of UK retail sales.
  • Sales to private customers continue to show good growth up 8.9% in the period.
  • Sales to business customers declined 6.9% reflecting difficult economic conditions.
  • Sales of fine wine continued to increase, with sales of still wine priced at £20 and above increasing by 14.4% on last year.
  • Average bottle of still wine purchased at Majestic is now £6.41 (2008: £6.19).
  • Average spend per transaction is just down at £133 (2008: £135) due to the reduction in sales to business customers.
  • During the period we opened four new stores in Southend, Shrewsbury, Edinburgh and Market Harborough.  Since the end of September we opened in Abingdon and Sale and have re-sited our store in central Glasgow.
  • We now operate from 153 stores in the UK and see the potential to enlarge Majestic to at least 250 locations.
  • In the five weeks from 29 September to 2 November 2009, like for like sales in UK retail stores up 6.0%.

Commenting on the results Steve Lewis, Chief Executive, said:

“I am pleased that, in the half year, Majestic has achieved profit growth of 9.0%.  It is encouraging that in the current economic conditions our loyal customers continue to find the Majestic proposition compelling.”

Majestic Wine PLC Investors website

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