Proactive Investors - Run By Investors For Investors

Majestic Wine model should lead to further market share, says Investec

Majestic Wine model should lead to further market share, says Investec

Majestic Wine (LON:MJW) is a service focused business which should continue to gain market share, says Investec, which has repeated its 'buy' stance on the stock.

It has a strong management team, offers future growth from both new stores and online, and delivers good free cash flow and dividends, says analyst Bethany Hocking.

It comes as the firm unveiled a rise in sales over what it called a "challenging" Christmas trading season.

From November 13 to December 31, the wine retailer saw like-for-like (LFL) sales rise 1.1% from a year earlier with total sales for the same period up 5.1%.

"This is a good result, in line with our expectations, and marks a stable trend from the 1.2% LFL for the 6 weeks to 12 Nov reported at the interims," said Hocking, who targets a price of 480p for the shares.

Majestic shares were unchanged today at 450 pence each.


 

View full WINE profile View Profile

Majestic Wine PLC Timeline

Newswire
April 10 2015

Related Articles

true leaf pet product
March 29 2019
The company says both the cannabis and pet industries represent high-growth industries
Polish pizza
March 27 2019
In 2018, DP Poland’s system sales rose by 24% to 72mln Polish zloty (PLN) from PLN 58mln in 2017, despite a tough second half to the year as aggregators took a bite from its business
US bills and cannabis plant
February 27 2019
CEO Mike Withrow has built AREV into what is now a cannabis and hops company that owns a series of promising businesses
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use