Majestic Wine has announced that underlying Group sales for the 10 weeks to 1st January increased by 4.1% YOY. Sales at its Naked Wine business, acquired in April 2015, rose 13% over the Christmas trading period, although Majestic Commercial, which supplies wines to pubs and restaurants, slumped 4.6% in the face of intense competition from pureplays and discounters like Aldi and Lidl.
Rowan Gormley, Chief Executive, comments: “The team performed brilliantly. The fact that we have been able to grow sales and maintain margins shows that our winning formula of fabulous customer service from delightful people and delicious wines at fair prices works even when times are tough. We are on track to achieve our £500 million sales goal by 2019, on track to deliver market expectations for the current financial year, and on track to accelerate investment in new customers, new winemakers and more fantastic wines.”