The latest updates the UK's leading mixed case wine merchant

Majestic Wine PLC Preliminary Results

‘Good progress towards strategic objectives’
18 June 2012

Majestic Wine PLC (“Majestic”), the UK’s largest wine specialist with 181 stores, today announces its preliminary results for the 53 weeks ended 2 April 2012.

Highlights

  • Group profit before tax increased by 14.5% to £23.2m (2011: £20.3m).
  • Total sales up 8.9% to £280.3m (2011: £257.3m).
  • Like for like sales in UK retail stores up 2.6%.
  • Final dividend of 11.8p net per share, bringing the total dividend for the year to 15.6p, an increase of 20.0% on last year (2011: 13.0p).
  • Lay & Wheeler: Profit before interest and tax at £1.9m (2011: £0.7m).
  • Majestic in France: Profit before interest and tax at £1.4m (2011: £1.0m).

Key Metrics

  • A further significant increase in the number of customers who have made purchases in the last twelve months, up 11.1% to 568,000.
  • Average spend per transaction up £2 to £128.
  • Strong growth in transaction numbers, up 8.3% to 2.2m.
  • Average bottle of still wine purchased at Majestic is now £7.34 (2011: £6.94).
  • Online sales increased 7.8% on last year and now represent 10.0% of UK retail sales.
  • Majestic Commercial: Sales to business customers grew 6.9% on last year and now represent 24.0% of total UK sales.
  • Sales of fine wine (priced at £20 per bottle and above) increased by 18.5% on last year, representing 6.2% of UK store sales.

Stores

  • Record sixteen openings in the financial year. Evesham, Weston-Super-Mare, Fleet, Livingston, Hale, Dundee, Worthing, Bury St Edmunds, Clitheroe, Ripon, Braintree, Chesterfield, Wirral, Broadstairs, Wakefield and in Berwick upon Tweed.
  • Since the year end, we have opened in Northallerton, Esher and Queensferry Road in Edinburgh, giving us 181 stores in the UK.
  • We are confident of being able to expand Majestic to 330 locations.

Current Trading

  • In the ten weeks from 3 April to 11 June 2012, UK like for like sales up 0.6%.

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

“Majestic has a clearly differentiated operating model, with a focus on delivering exceptional customer service that has proved resilient in a challenging economic environment.”

For further information, please contact:

Majestic Wine PLC
Steve Lewis (CEO) / Nigel Alldritt (FD)
Tel: 01923 298 200

Buchanan Communications
Tim Thompson / Nicola Cronk / Gabriella Clinkard
Tel: 020 7466 5000

High resolution images are available for the media, please contact Buchanan on 0207 466 5000.

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