Majestic's profits up again

25 June, 2007

Majestic has reported a continuing rise in sales, making a pre-tax profit of £16.2 million for the year ending April 2007.

The figure is a 14.1 per cent increase on the previous year's profits and means the company now enters its fourteenth year of consecutive growth.

Total sales went up 11 per cent to £191.2 million with like for like UK sales up 4.9 per cent.

Chief executive Tim How said:"We are encouraged by our ability to attract new customers and see a continuing trend towards purchasing higher quality wines. We believe that prospects for the future growth of Majestic are good."

The average bottle price at the wine warehouse chain is now £5.75. Customers are also spending £123 more per transaction, £5 more than last year.

Majestic web sales also increased by 35 per cent on the previous year and now represent 7.2 per cent of the company's retail sales.




Bookmark this


Site Search

COMMENT

Faith in fakes

One of the most fascinating stories in wine, fit to stand alongside the Judgement of Paris, is that of Rudy Kurniawan, a man who managed to fool friends, auction houses and experts into believing they were drinking some of the world’s most expensive wines.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter