Majestic Wine’s profits to stay flat until 2016 June 16, 2014 British booze retailer Majestic Wine disappointed investors yesterday after it reported flat profits of £23.8m for the year ended 31 March, compared to £23.7m the previous year, amid a market that its chairman said had been challenging for the business. Majestic’s board also warned that the company does not expect to see further substantial profit [...]
Majestic Wine sees profits rise with average bottle selling at £7.94 June 16, 2014 The UK's largest wine specialist Majestic Wine has enjoyed a rise in profit before tax to £23.8m for the year ended 31 March, compared to £23.7m the previous year. Total sales climbed 1.4 per cent to £278m, with market share rising by 0.1 per cent to 4.2 per cent. Sales of Rose from Provence rocketed [...]
Majestic shares dumped after profit warning March 20, 2014 INVESTORS uncorked their shares in Majestic Wine yesterday after the specialist wine retailer warned that a dry spell in February sales had flattened full-year profits. Chief executive Steve Lewis said that trading conditions since the more buoyant Christmas period have been “challenging” and that with just two weeks to go until its year-end, it now [...]