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.




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Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
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