Majestic Wine posts 6.3% Christmas sales growth

Majestic Wine
// Underlying sales up 6.3%
// Gross margins up 0.4%
// Strong performance from Naked Wines and Majestic Wine fascias

Majestic Wine’s Christmas sales accelerated 6.3 per cent year-on-year on an underlying basis for the 10-week period ending on December 31.

On a total basis, sales increased 6.8 per cent year-on-year, while the group’s gross margin increased by 0.4 per cent, thanks to a strong performance in its Naked Wines and Majestic Wine fascias.

Meanwhile, the week before Christmas saw like-for-like sales skyrocket by 47 per cent.

“The team have worked really hard over the Christmas trading period and have delivered sales growth across all our business units,” Majestic Wine group chief executive Rowan Gormley said.

He added: “While trading has been challenging over the Christmas period, the trends we reported in November are the same (namely strong growth in our overseas markets and our digital propositions but headwinds for our UK Retail stores).

“We look forward to setting out more of our future plans for the group, including the Retail business with our full year results in June.”

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