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Majestic Wine PLC Interim Results

Monday 14 November 2011 written by Majestic Wine Team in Company News
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Majestic Wine PLC (“Majestic”), the UK’s largest wine specialist, today announces its interim results for the 26 weeks ended 26 September 2011.

Download the full statement (PDF format)

Highlights

  • Profit before tax increased by 20.0% to £8.8m (2010: £7.3m).
  • Interim dividend increased 15.2% to 3.8p per share.
  • Total sales up 8.7% to £127.8m (2010: £117.6m).
  • Like for like sales in UK retail stores up 2.7% (excluding VAT).
  • Increase in active customers, up 7.7% to 534,000.
  • Online sales increased 8.7% on last year and now represent 9.0% of UK retail sales.
  • Eight new stores opened in period and three since end of September bring total number of stores to 174.
  • Lay & Wheeler, our fine wine specialist, recorded profit before interest and tax of £292k (2010: £77k).
  • Majestic in France recorded profit before interest and tax of £658k (2010: £574k).
  • In the six weeks from 27 September to 7 November 2011, like for like sales in our UK stores down 1.1% with total UK store sales up 3.8%.

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

“I am very pleased that Majestic has achieved profit growth of 20.0% in the half year and we are very well prepared for the important Christmas trading period.”

Full details can be found on the Investors section of our website.

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