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Majestic Wine PLC Interim Results

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.