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Majestic Wine sales up 11%

Published:  23 July, 2008

The UK wine and spirit retailer said that pre-tax profits rose 14.1% to 16.2m last year, while sales were up 11% to 191.2m, compared to 172.2m in the fiscal 2006.

Good progress has been made in increasing the rate of the store-opening programme with eight new stores opened during the financial year and three re-sites, Majestic said in a statement.

The total number of Majestic stores now stands at 136 stores in the UK.

Tim How, chief executive of Majestic said: "We are encouraged by our ability to attract new customers and see a continuing trend towards purchasing higher quality wines.

"We believe that prospects for the future growth of Majestic are good."