Retail & consumerRetail
Majestic Wine PLC

Majestic Wine shares dip despite sales rise


Majestic Wine (LON:MJW) shares took a dip on Wednesday despite the retailer reporting an increase of sales over the Christmas period.

Total sales at UK stores for the 10 weeks to January 6 were up 5.9%, while over the same period like-for-like sales growth was 2.8%.

Chief executive Steve Lewis told investors: "I am pleased to say that recently we opened our 200th store enabling more and more people to shop locally with Majestic. 

"This Christmas, helped by our knowledgeable staff, customers chose to treat themselves and we saw strong growth in sales of fine wine above £20 per bottle."

Majestic is the UK's largest wine specialist and in its final results last summer said it was in "excellent" shape having made good progress with the four key areas of its growth strategy: new stores, business customers, ecommerce and fine wine.

Majestic wine shares fell 1.46% to stand at 540p.

Quick facts: Majestic Wine PLC

Price: £2.66

Market: AIM
Market Cap: £197.59 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Klondike Gold extends drill program after strong number...

Klondike Gold ((TSX.V: KG; FRA: LBDP; OTC: KDKGF) President and CEO Peter Tallman joined Steve Darling from Proactive Vancouver to discuss the company continuing their drilling program at the 100% owned Klondike District property.  Tallma saying they are going to drill 20 or more...

2 days, 13 hours ago

2 min read