Majestic Wine reports 15% profits rise

Majestic Wine has reported a 15% rise in full-year pretax profit, with like for like sales in UK retail stores up 2.6% in the year to 2 April, 2012.

Customer numbers have been boosted by 11% to 568,000, and average spend per transaction has grown by £2 to £128.

The wine retailer, which recently dropped its minimum online order to six bottles to boost internet sales, reported online sales were up 8% on last year, representing 10% of total UK retail sales.

The average transaction value rose 1.4% to £144 and the company processed 190,000 orders, up from 175,000 last year.

Pretax profit for the year ended 2 April rose to £23.2 million (US$36.29m) from £20.3m a year earlier.

Sales to businesses, which account for 24% of total revenue, was up 7 percent, whereas online sales rose 7.8%.

The firm’s three French stores also grew profits by £400,000 to £1.4m.

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.”

The group said it was confident of being able to expand to 330 stores after opening 16 in the last financial year and a further three in Northallerton, Esher and Edinburgh since the year end.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Champagne Masters 2019

Deadline : 27th September 2019

The Global Grenache Masters 2019

Deadline : 30th September 2019

Click to view more

The Prosecco Masters 2019

View Results

The Global Rosé Masters 2019

View Results

Click to view more