Majestic Wine Set To Double Store Numbers

Majestic Wine plans to double its number of stores to 330, having revealed healthy sales and profits increases. Sales for the year to 28 March rose 10.3% to £257.3m while pre-tax profits grew by 26.6% to £20.3m. Like-for-likes in the UK were up 5.3%, while wholesale sales to restaurants and hotels grew by 17.2% and now represent almost a quarter of UK sales.

Majestic's customers swelled by 8.2% to over half a million while the number of transactions was up 12.5% to two million. The average bottle of wine purchased cost £6.94, 38p more than the previous year. Majestic currently operates 165 stores, having opened 12 in the last financial year.